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Alibaba Cloud, 01.AI partner on industrial AI lab

Alibaba Cloud, part of Alibaba Group Holding, has partnered with Beijing-based startup 01.AI to create an “industrial large model laboratory.”

This collaboration, announced on Thursday, aims to enhance research and development in AI models by using the strengths of both companies.

The new laboratory will focus on providing large-model solutions designed for business clients.

Recent Alibaba developments

Timeline
02-Jan-2025 💰 Alibaba sells $1.7b Sun Art stake, refocus on ecommerce
  • Alibaba sells stake in Sun Art for HK$13.1B.
  • Loss of US$1.8B expected for Alibaba shareholders.
01-Jan-2025 🛒 Alibaba’s Freshippo reports nine months of profit in a row
  • Freshippo profits for nine consecutive months
  • Opened 72 new stores, reaching 400 total
01-Jan-2025 💸 Alibaba Cloud cuts the price of AI models by 85%
  • Alibaba Cloud cuts Qwen-vl-max price by 85%
  • New price matches ByteDance’s visual model costs
27-Dec-2024 🤝 Alibaba, South Korea’s E-Mart form $4b joint ecommerce deal
  • Alibaba partners with E-Mart for joint venture.
  • New entity aims to rival local ecommerce leaders.
26-Dec-2024 🤝 Alibaba, South Korea’s Shinsegae to form joint venture in 2025
  • Shinsegae to form joint venture with Alibaba
  • Gmarket and AliExpress Korea to operate independently
26-Dec-2024 🛒 Alibaba said to merge South Korea’s E-Mart in $4b deal

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