The world of artificial intelligence is continuing to evolve at a rapid pace. Chinese tech giant Alibaba (NYSE:BABA) has introduced two new AI models that can comprehend images and execute complex conversations, as reported by CNBC.
The two open-source models, Qwen-VL and Qwen-VL-Chat, will enable researchers, as well as companies, to create AI applications without the need to train their own systems. Impressively, Qwen-VL can handle open-ended image queries and churn out image captions. Interestingly, OpenAI’s ChatGPT can also understand images and provide text responses.
This move comes at a time when Alibaba’s cloud division is aiming to go public, and the open-source model could attract a greater number of users.
In another development, Meta Platforms (NASDAQ:META) is also launching Code Llama, a large language model that can generate and discuss code based on text prompts. The model supports multiple programming languages and can help in various tasks, from writing software to debugging.
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Overall, the Street has a consensus price target of $140.20 on BABA, alongside a Strong Buy consensus rating. This implies a massive 57.3% potential upside in the stock.
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