Uncategorized
Alibaba’s cloud division in talks to raise up to $3 billion from state-owned firms, reports
Just weeks after introducing Tongyi Wanxiangm, an AI image-generation tool in direct competition with OpenAI’s DALL-E and Midjourney, Alibaba Group Holding’s Cloud Intelligence Unit is reportedly in talks to raise private funding from Chinese state-owned enterprises, Bloomberg reported on Monday.
Just weeks after introducing Tongyi Wanxiangm, an AI image-generation tool in direct competition with OpenAI’s DALL-E and Midjourney, Alibaba Group Holding’s Cloud Intelligence Unit is reportedly in talks to raise private funding from Chinese state-owned enterprises, Bloomberg reported on Monday. […]