The Chinese e-commerce giant, Alibaba, has announced that it is developing its own version of ChatGPT, as it seeks to tap into the thriving AI market. According to a spokesperson who spoke with CNBC, the company is working on a ChatGPT-style technology and it is currently undergoing internal testing.
Alibaba, which stated that it began working on this generative AI in 2017, joins a growing list of tech companies such as Google and Baidu in response to OpenAI and Microsoft’s ChatGPT AI chatbot.
An Alibaba spokesperson stated to CNBC, “As a technology leader, we will continue to invest in turning innovative advancements into valuable applications for our customers and their end-users through our cloud services.”
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The company also hinted that its chatbot may be integrated into its existing products.
The announcement of Alibaba’s chatbot technology has reportedly caused a 3% surge in pre-market trade in the US, although the company has not yet disclosed a timeline for its release.
Several tech companies are excited about the potential opportunities offered by ChatGPT, an AI chatbot created by OpenAI.
Earlier this week, Google introduced its own AI chatbot technology, and Baidu, another Chinese search giant, announced that it is testing its own chatbot called “Ernie Bot” in English or “Wenxin Yiyan” in Chinese.
ChatGPT is a form of AI that can generate text or images. It operates by using a large language model, which utilizes a vast amount of data to comprehend and produce conversation, as explained by CNBC. ChatGPT can answer questions on a wide range of topics, write essays, and even create code.