The continues to heat up, and at this blistering pace, and e-commerce giant Alibaba () is stepping up its own efforts. A new connection between AI and some of Alibaba’s staple systems will be coming up soon, and the word alone has sent Alibaba stock up nicely in Thursday afternoon trading.

Word from Bloomberg News reveals that Alibaba will incorporate Tongyi Qianwen, a large language model of artificial intelligence, into the DingTalk mobile messaging system and the Tingwu meeting assistant system. With Tongyi Qianwen in place, the platforms can now analyze both audio and video files and create summaries of them for users to consume later. It’s supposed to better help users deal with the rapidly-increasing quantities of video and audio that consumers need to deal with daily.

This isn’t the first time that Chinese stocks have been willing to bring AI into their operations. Baidu () brought out Ernie Bot, a ChatGPT competitor, to its lineup back in March. However, Baidu is also waiting for the Chinese government’s approval to release the product. Intense Chinese censorship and tight rein over the Internet as a whole in China have made the release of such products difficult.

Founded by the company OpenAI, ChatGPT is a chatbot that can gather information and form human-like responses to questions. The AI technology can also create a variety of different content with accuracy and creativity not yet previously seen. Companies that have rolled out their own version of the technology or announced that they plan to incorporate the technology into their business tend to see their stock prices rise on investor excitement.

Alibaba today released its ChatGPT bot, Tongyi Qianwen, which will be integrated into a digital assistant called Tingwu. Alibaba said Tongyi Qianwen will be able to process video and audio content and then create a text summary of what happened in that content.

Alibaba Cloud Intelligence Chief Technology Officer Jingren Zhou said in a statement:"We live at a time when a growing amount of video and audio content is being consumed in various formats every day. In line with this, Tongyi Tingwu aims to use the large language model to facilitate faster and better comprehension and easier sharing of multimedia content."

Alibaba also said it will unveil other features of its ChatGPT technology later this year, including the ability to analyze and translate multimedia content from Chinese to English and vice versa. In addition, Alibaba told CNBC that it plans to develop custom generative AI solutions for corporate cloud customer.

It seems like a decent stock to invest.

@TigerStars 

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