This week Alibaba Cloud held their Cloud Summit event which is their annual event to share the latest offerings of their cloud computing services. Uniquely, this year they held the Alibaba Cloud Summit event simultaneously with the Hangzhou 2022 Asian Games, where they also worked together to provide cloud computing solutions for most of the tournament's operations.
Alibaba Cloud has announced their latest service offerings that focus on AI-generated services that are becoming increasingly popular and are also being requested by various industries. All three will be launched in China first, before being offered to users in other countries in stages. The first is PAI-Lingjun Intelligent Computing Service, aiming to make it easier for their users to present their own AI solutions.
This PAI Lingjun Intelligent Computing Service can be used for artificial intelligence model training and inference development. Even not limited to that, it also allows users to do training on AI, and also manage it. For now this service is already operating in China, and will be offered starting in Singapore in early 2024, followed by other countries in the Asian region.
Next is one of the components in PAI Lingjun, namely the Alibaba Cloud AI Acceleration Solution will also be offered to users. This service component is responsible for optimizing the use of AI applications and components to perform machine learning tasks and inference development. The result of this optimization can speed up AI model training up to 70% faster according to the Stanford DAWN Deep Learning benchmark.
Alibaba Cloud also announced another service to facilitate the development of AI-based search engines through the OpenSearch LLM-Based Conversational Search service. With this service using the LLM model, Alibaba Cloud companies and users can develop a search engine in the form of a conversation, and can be applied to services such as big data search, multimedia material and product search on e-commerce sites, so as to be able to provide answers that involve using the engine search.
With three new services from Alibaba Cloud that will be available in stages, it will enable their customers to offer new services that are powered by AI.