Enterprise Tech Now’s Post

At the 2024 Alibaba Cloud Global Summit, Alibaba Cloud and AQTIA Inc. signed a Memorandum of Understanding (MOU), forming a strategic collaboration to leverage AI technology and provide customers with end-to-end services for ventures and digital transformation initiatives. This partnership underscores a shared commitment to driving innovation and supporting the digital evolution of businesses globally. By merging AQTIA's strategic consulting expertise with Alibaba Cloud's advanced AI capabilities, the alliance aims to offer unparalleled value in business planning, proof of concept, and AI-driven commercial services. #AlibabaCloudGlobalSummit2024 #AIforCloud #AlibabaCloud #TechForInnovation #AIForInnovation #AI #Paris #AQTIA #DX #Innovation

I had the incredible opportunity to attend the Alibaba AI event powered by Alibaba Cloud, and it was nothing short of inspiring. 🚀 From groundbreaking innovations in artificial intelligence to real-world applications transforming industries, the sessions highlighted how Alibaba Cloud is at the forefront of driving the next wave of digital transformation. Key takeaways from the event: ✨ AI for Business Growth: How scalable AI solutions are empowering organizations to unlock new levels of efficiency and innovation. 🌍 Global Insights: Real-life use cases of Alibaba Cloud's AI platforms solving challenges across e-commerce, healthcare, finance, and beyond. 🤝 Collaborative Future: Building AI ecosystems that foster collaboration between businesses, developers, and research communities. A big thank you to the organizers, speakers, and participants for such a thought-provoking experience. Events like these remind us of the limitless potential of AI when combined with cloud computing. Looking forward to applying these insights and continuing to explore the possibilities! 🚀 #AlibabaCloud #AIInnovation #FutureOfAI #CloudComputing #DigitalTransformation

Alibaba Cloud has partnered with OxValue.AI, a deep-tech venture from the University of Oxford, to broaden the suite of Alibaba Cloud capabilities provided to end customers, including AI-driven valuation services. We made this partnership official by signing a Memorandum of Understanding (MOU) at the 2024 Alibaba Cloud Global Summit! We aim to pave the way for talent empowerment and development by providing users with a comprehensive suite of AI and advanced technology tools and skills, responding to the global economy's needs. This partnership guides the technological industry's growth and drives societal progress through technology by equipping users with technical tools, know-how and an entrepreneurial mindset. #AlibabaCloudGlobalSummit2024 #AlibabaCloud #TechForInnovation #AIforCloud #AIForInnovation #AI #Paris #Oxford #OxValue

🚀 Alibaba is taking bold steps to stay ahead in the tech market by splitting into six distinct units! 🛒 This strategic move aims to enhance agility, allowing each unit to focus on specific market demands and foster innovation. Alibaba's focus on AI and cloud computing is set to shape the future of digital commerce and beyond. #Alibaba #TechTransformation #Ecommerce #AI #CloudComputing #MarketInnovation #Alpho

Alibaba Cloud overhauls AI partner initiative Alibaba Cloud is overhauling its AI partner ecosystem, unveiling the “Partner Rainforest Plan” during its annual Partner Summit 2024. The Chinese tech giant’s cloud division has outlined several new initiatives, including an AI partner accelerator p... https://lnkd.in/eHxpkNQZ #AI #ML #Automation

🌟 Inspiring words from Selina Yuan, Vice President of Alibaba Group & President of Alibaba Cloud Intelligence International at #AlibabaCloudDeveloperSummit2025! Empowering tech inclusivity sits at the heart of our mission. We're breaking down barriers to ensure AI innovation reaches and benefits everyone, everywhere. #CloudTechnology #DigitalInclusion #TechForAll #AlibabaCloud #AIInnovation #AllforAI #OpenSource

📹 WATCH: Meet Veibert M Pinontoan, CTO of Exorty Indonesia, who shares how his team leverages Qwen and Alibaba Cloud's foundation models to elevate data analytics and client solutions. See how AI is transforming enterprise innovation ⬇️ #AlibabaCloud #Qwen #AIinnovation #AllforAI #OpenSource #AIForward #AlibabaCloudDeveloperSummit2025 #CloudWalker

Alibaba Cloud sees 6% revenue growth driven by AI adoption Driven by AI technology, Alibaba Group has reported a 6% year-over-year (YoY) increase in its cloud business revenue for the quarter ending June 30, reaching RMB 26.5 billion ($3.65 billion). This growth marks the segment’s strongest performance since the September 2022 quarter, signalling a potential turnaround after several periods of single-digit growth. Despite the competitive global market, Alibaba Cloud’s AI offerings saw triple-digit growth, with its AI platform user base expanding by over 200% quarter-over-quarter. The company’s strategy of deeply integrating AI capabilities into its cloud infrastructure is gaining traction as more enterprise customers adopt Alibaba Cloud for AI development and deployment. In an earnings call recently, Alibaba Group CEO Eddie Wu highlighted the pivotal role of AI in driving this growth. “AI-related product revenue sustained triple-digit growth, continuing to increase its share of public cloud revenue,” Wu stated. This impressive growth in AI-related products is reshaping Alibaba Cloud’s revenue composition and pointing towards a future where AI could become a primary driver of the company’s cloud business. #cloud #cloudcomputing #IT

#Alibaba and #Baidu, two of China's leading tech companies, dramatically reduced prices on Tuesday for their large-language models (LLMs) used in #generativeAI products, intensifying the ongoing price competition in the country's cloud computing sector. Alibaba's cloud division announced substantial price cuts, slashing costs by up to 97 percent on various Tongyi Qwen LLMs. For example, the Qwen-Long model's price dropped to just 0.0005 yuan per 1,000 tokens, a significant reduction from the previous rate of 0.02 yuan per 1,000 tokens.

At the International AI Innovation Forum, Eddie Wu, CEO of Alibaba Group and Chairman and CEO of Alibaba Cloud Intelligence Group, introduced Alibaba Cloud’s 10-year journey of internationalization, from the Olympics to Alibaba Cloud’s AI model ecosystem and its applications across various industries. Looking ahead, Alibaba Cloud will continue to create innovative solutions for the AI era. For more details, check out the video. #ApsaraConference2024 #AlibabaCloud #AIonCloud #TechInsider