Alibaba Looks To Future With ChatGPT Inspired App And Tokenization [Forbes]
TENCENT HLDGS UNSP/ADR (TCEHY)
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Source: Forbes
The move is part of a broader push to try and narrow the gap with its major Asian competitors and eventually to build a business around individual users, according to Bloomberg. The company is expected begin by updating its current Tongyi apps on iOS and Android and adopting a new name, Qwen, drawn from the company's widely recognized AI model. Over the coming months, Alibaba is expected to layer in more agent-style capabilities that can help users shop across services such as Taobao. The relaunch marks one of Alibaba's most ambitious attempts to build consumer revenue around artifical intelligence. The online giant, like rivals ranging from startup Minimax to TikTok owner ByteDance, has been racing to release more sophisticated models in the hope of matching the performance of leading AI players such as OpenAI and DeepSeek. The long-term objective is to turn Qwen into a fully capable AI agent; a goal that has become generally central to the retail industry on both sides of the
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