Alibaba Cloud, a subsidiary of BABA-W (09988.HK)  -0.450 (-0.545%)    Short selling $502.46M; Ratio 16.834%   (BABA.US)      , and 01.AI, a company in the field of foundation models, announced a strategic cooperation to jointly establish an "Industrial Foundation Model Joint Laboratory". By integrating the R&D capabilities of both parties in the field of foundation models, the lab will be dedicated to exploring the cutting-edge technologies of next-generation foundation models and will provide market-oriented solutions for foundation model services.

Both parties will reportedly fully utilize the technical advantages of both parties in the field of foundation models to form a combination of next-generation base model technology exploration to industry landing foundation model services. Through the model service layer of Alibaba Cloud Bailian foundation model platform for the market, both parties will join forces to accelerate the landing of foundation model from technology to application, and further expand the ecological integration of foundation model for the industry.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-06 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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