Cai Chongxin pointed out at the 2023 Yunqi Conference that the era of intelligence has begun, and AI will become a new form of productivity across various industries. 80% of Chinese tech companies and half of the large model companies rely on Alibaba Cloud services. The AI open-source community 'Modao' launched by Alibaba attracted 2.7 million developers in one year, with over 2,300 high-quality models.

🚀 Large model companies are competing to upgrade, making the focus on handling 'long text' a new trend. 📈 The article emphasizes that the challenge of context length is actually related to the Transformer structure. 📚 Long text technology will bring deeper applications to the fields of finance, justice, and scientific research.

Hugging Face raised $235 million in funding, reaching a valuation of $4.5 billion. Genesis Therapeutics secured $200 million in funding, focused on AI-driven drug design. AI21 Labs completed a $155 million Series C funding, with a valuation of $1.4 billion. Anthropic received $100 million in funding to collaborate with SKT on building custom large models. Modular raised $100 million, aiming to provide AI solutions.