During the 2024 World Internet Conference in Wuzhen, Alibaba Group CEO Wu Yongming delivered a keynote speech at the Internet Entrepreneurs Forum on November 21, emphasizing the profound impact of artificial intelligence (AI) on the internet industry. He pointed out that the biggest change in the internet industry this year is still the rapid development of AI technology. Wu Yongming stated that the greatest value of AI is not merely the development of one or two super apps on mobile phones, but in driving productivity transformation across various industries. The development of AI requires a prosperous ecosystem of technology, products, and market.

Google and Hugging Face recently announced a strategic partnership aimed at advancing open AI and machine learning. This collaboration will integrate Hugging Face's platform with Google Cloud's infrastructure, including Vertex AI, to make generative AI more accessible for developers. The partnership supports developers in quickly and cost-effectively training, fine-tuning, and serving open models on Google Cloud, utilizing AI to optimize infrastructure such as TPUs and GPUs.

Mistral AI, established just six months ago, completed two funding rounds of $113 million and $415 million, skyrocketing its valuation from $260 million to $2 billion. Mistral AI released its open-source model Mixtral 8x7B, which performs closely to GPT-4. Mistral AI is regarded as 'France's OpenAI' and has received strong support from President Macron. Mistral AI aims to compete directly with OpenAI through open-source and differentiated positioning.