Tongyi Qianwen, an AI-based language model unveiled by Alibaba Cloud
Alibaba Cloud, Alibaba Group’s digital technology and intelligence backbone, has revealed Tongyi Qianwen, its next huge language model. The new AI model will be implemented across Alibaba’s numerous companies shortly to improve user experience. Furthermore, the model will be available to the company’s clients and developers to construct customized AI features at a low cost.
By providing new ECS instances, OSS reserved capacity (OSS-RC), and OSS anywhere reserved capacity (OSS-ARC), Alibaba Cloud also announced lower-cost solutions for essential cloud products such as elastic computing service (ECS) and object storage service (OSS). The move will make computing more accessible and affordable for businesses looking to capitalize on growth prospects in China’s new AI era.
“We are at a technological watershed moment driven by generative AI and cloud computing, and businesses across all sectors have started to embrace intelligence transformation to stay ahead of the game,” says Daniel Zhang, Chairman and CEO of Alibaba Group and CEO of Alibaba Cloud Intelligence.
Shadow Factory implements a first-of-its-kind “Work from Metaverse” policy
Shadow Factory, a frontier technology provider, has unveiled a new “Work from Metaverse” (WFM) policy. The WFM policy is intended to leverage the power of new technology to boost employee productivity, cooperation, and creativity while retaining a solid commitment to delivering a secure, inclusive, and supportive work environment for all.
“As the first company in the world to fully embrace this innovative approach, Shadow Factory is setting the stage for the future of work, enabling employees to collaborate, create, and innovate in an immersive and virtual environment. Rapid advancements in Metaverse technology have made it possible for Shadow Factory to take this bold step toward an exciting new era of work,” says Roger De Leon, Managing Director at Shadow Factory.
Stylework, India’s coworking marketplace, has raised $2 million in new capital
Stylework, an Indian coworking space aggregator, has raised $2 million at a $20 million valuation from institutional investors such as Capriglobal Holdings, QI Ventures, and unnamed family offices.
Existing investor WFC participated in the round, as did iAngels Network, Sateeq Invest, Impactful Pitch structured syndicates, and notable industry mix global HNIs.
Stylework, founded in 2016 by entrepreneur Sparsh Khandelwal, has a strong presence in India’s flexible workspace industry, partnering with over 250 coworking and managed office operator brands and having a presence in over 80 tier I, tier II, tier III, and tier IV cities.
Stylework initially used a flex discovery platform approach, but as decentralization of corporate offices during the pandemic resulted in hybrid model growth ranging from 3-5% to 25-30%, the company launched its Corporate Product Suite in 2021 to disrupt and solve for medium and large-sized occupiers (companies) from a centralized dashboard platform.
