Why Skills-First Leadership Is Replacing the Ivy League Playbook in the C-Suite
05/23/2025
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The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
April 12, 2023: On Tuesday, Alibaba Cloud, the cloud computing unit of Chinese tech company Alibaba, announced that it would be rolling out its own ChatGPT-style product Tongyi Qianwen.
Tongyi Qianwen, which possesses Chinese and English language capabilities, will initially are deploying on DingTalk, Alibaba’s workplace communication software, a provider of intelligent home appliances, the firm stated.
Hong Kong-listed shares of Alibaba are gaining traded more than 3% higher following the announcement but have since pared some gains. Shares of Baidu in Hong Kong decreased by 6%.
At the 2023 Alibaba Cloud Summit, the firm said it will roll out the artificial intelligence-powered chatbot into all Alibaba products, from enterprise discussion to e-commerce, in “the near future.” It did not reveal a timeline.
“We are at a technological watershed moment supported by generative cloud computing and AI, and businesses in all the sectors have started to embrace intelligence changes to stay ahead of the game,” said Daniel Zhang, CEO of Alibaba Group and Alibaba Cloud Intelligence.
Alibaba said that it was working on a ChatGPT rival in February.
“The new AI model will be integrated throughout Alibaba’s various businesses to make a better user experience shortly. The company’s customers and developers will have allowance to the model to make customized AI features cost-effectively,” the company said.
Alibaba Cloud will present its client’s access to Tongyi Qianwen on the cloud and support build customized significant language models.
The chatbot will be ″fine-tuned″ with proprietary data from clients, decreasing resources and costs for these firms. Alibaba Cloud’s enterprise customers in China can access Tongyi Qianwen for beta testing.
“We hope to facilitate businesses from all the companies with their intelligence transformation and help develop their business productivity and create their expertise and capabilities while unlocking more exciting chances through innovations,” said Jingren Zhou, the Alibaba Cloud Intelligence CTO.
The company said developers in China could also apply for beta analysis of Tongyi Qianwen to make their AI applications at scale.
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The Fort McMurray First Nation Group of Companies is the wholly owned business entity of Fort McMurray 468 First Nation. It was established in 1987 as Christina River Enterprises, and the organization rebranded as FMFN Group in 2021. Providing Construction, Custodial, Petro-Canada Fuel & Convenience Store, and Transportation services to a broad portfolio of customers, the Group of Companies is creating financial stability and prosperity for the Nation.
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