Chinese tech giant Alibaba is planning to launch its ChatGPT rival soon and shares jump up

In this article, we have shared about how Chinese tech giant Alibaba is planning to launch a ChatGPT rival soon and shares jump up. Chinese tech giant Alibaba is taking steps to challenge the current industry leader in natural language processing technology, OpenAI's ChatGPT. The announcement of the company's new venture sent its stock up more than 2.5%.

According to a company spokesperson, the AI is currently being tested internally. He went on to say that since 2017, the company has been working on generative AI. However, no firm date has been set for the launch of Alibaba's ChatGPT competitor.

Alibaba's decision to take on OpenAI's ChatGPT is likely motivated by a desire to stay ahead of the natural language processing (NLP) market. It is no secret that the Chinese company has long sought to diversify its operations. It has made strategic investments in sectors such as transportation and health care in recent years, and it now appears that NLP could be the next big money maker for the tech behemoth.

OpenAI's GPT-3 (Generative Pretrained Transformer 3) is a cutting-edge language model developed by OpenAI. ChatGPT is a GPT-3 variant designed specifically for conversational AI.

ChatGPT generates human-like text based on input using advanced deep learning techniques such as Transformer networks. It was trained on a massive corpus of text data that includes a wide range of topics such as news articles, scientific publications, and social media posts, allowing it to generate a wide range of relevant and engaging responses.

One of ChatGPT's key advantages is its ability to handle context-based conversations. It can keep a conversation flowing and respond appropriately to the situation, making it a valuable tool for businesses and organisations looking to improve customer engagement through conversational AI.

ChatGPT can be integrated into a variety of applications such as customer service chatbots, virtual assistants, and conversational interfaces for websites and mobile apps. The advanced language generation capabilities of the model can also be applied to other tasks such as content creation, text summarization, and question answering.

Microsoft is a major investor in OpenAI and has recently released a new version of Bing and Edge that includes an advanced version of the AI model that powers ChatGPT.

This week, Google also announced the 'Bard' AI chatbot. Baidu's AI chatbot, dubbed 'Ernie' in English and 'Wenxin Yiyan' in Chinese, was also unveiled.