In an unexpected turn of events, the former Chief Executive Officer (CEO) of Alibaba, Daniel Zhang, has resigned from his leadership position within the company's cloud computing division on the very day designated for his transition.
TechNode reports that the departure took place on what was termed “transition day”. While the specific reasons for Zhang's sudden exit remain unclear, the decision has certainly captured the industry's attention. This move came as a surprise to many, adding further intrigue to the narrative surrounding one of China's most prominent tech companies.
Alibaba's Cloud Division moves to New Leadership Era
Alibaba's cloud division is a significant part of the tech giant's operations. The platform, renowned for its wide array of services and extensive reach within China, will now venture into a new leadership era post-Zhang's exit. As highlighted by the original news story on Yicai, the company and its cloud division will need to navigate these changes swiftly, ensuring that business continuity and growth remain uncompromised.
As well as cloud, Alibaba is now heavily invested in AI with its Qwen-7B and Qwen-7B-Chat large language models. Each model has 7 billion parameters, which is a measure of its strength. This marks the first time a major Chinese tech company has open-sourced its LLMs.
The two models are based on Alibaba's Tongyi Qianwen LLM, which was announced in April. Tongyi Qianwen has multiple versions with different numbers of parameters, and Qwen-7B and Qwen-7B-Chat are two small-size versions that are designed to help small and medium businesses get started with AI.