Business Wire

ALIBABA-CLOUD

3.11.2022 03:46:36 CET | Business Wire | Press release

Share
Alibaba Cloud Launches ModelScope Platform and New Solutions to Lower the Threshold for Materializing Business Innovation

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, started its annual Apsara Conference today by announcing the launch of ModelScope, an open-source Model-as-a-Service (MaaS) platform that comes with hundreds of AI models, including large pre-trained models for global developers and researchers. During its flagship conference, the global leading cloud provider also introduced a range of serverless database products and upgraded its integrated data analytics and intelligent computing platform to help customers further achieve business innovation through cloud technologies.

"Cloud computing has given rise to a fundamental revolution in the way computing resources are organized, produced and put to commercial use while shifting the paradigm of software development and speeding up the integration of the cloud and endpoint terminals," Jeff Zhang, President of Alibaba Cloud Intelligence, "As more customers are speeding up with their cloud adoption, we have been upgrading our cloud-based resources, services and tools to become serverless, more intelligent and digitalized in order to lower the barrier for companies to adopt new technology and capture more opportunities in the cloud era."

MaaS to create transparent and inclusive technology community

The ModelScope platform is today launched with over 300 ready-to-deploy AI models developed by Alibaba DAMO Academy ("DAMO"), Alibaba's global research initiative, in the past five years. These models cover various fields from computer vision to natural language processing (NLP) and audio. The platform also includes more than 150 state-of-the-art (SOTA) models, which are recognized globally as the best in their respective fields for achieving the results in a given task.

Also made available on the platform are Alibaba’s proprietary large pre-trained models such as Tongyi, which is capable of turning text into image with five billion parameters, and OFA (One-For-All), a six billion-parameter pre-trained model that excels at cross-modal tasks such as image captioning and visual question answering. Independent developers have also contributed dozens of models to the open-source platform to date.

As an open-source community, ModelScope aims to make developing and running AI models easier and more cost effective. Developers and researchers can simply test the models online for free and get the results of their tests within minutes. They can also develop customized AI application by fine-tuning existing models, and run the models online backed by Alibaba Cloud, or deploy them on other cloud platforms or in a local setting.

The launch underscores DAMO’s ongoing efforts and commitment to promote transparent and inclusive technology by reducing the threshold for building and running AI models, enabling universities and smaller companies to easily use AI for their research and in their business respectively. The community is expected to grow further with more quality models available on the platform from DAMO, partners from research institutes and third-party developers in the near future.

New and upgraded solutions to increase computing efficiency

Staying ahead of the emerging trend of serverless software development, Alibaba Cloud is making its key cloud products serverless to enable customers to concentrate on product deployment and development without worrying about managing servers and infrastructure. Essentially, Alibaba Cloud’s updated products focus on turning computing power into an on-demand capability for users.

Examples of these are the cloud native database PolarDB, the cloud-native data warehouse AnalyticDB (ADB) and ApsaraDB for Relational Database Service (RDS). Leveraging Alibaba Cloud’s serverless technologies, customers can enjoy automatic scaling with extreme elasticity based on actual workloads and a pay-as-you-go billing model to reduce costs. The automatic elastic scaling time on demands can be as little as one second. The use of updated database products can help businesses in the internet industry reduce their costs by 50%, on average, compared to using traditional ones. Currently, Alibaba Cloud has more than 20 serverless key products in total and is adding more product categories to become serverless.

Alibaba Cloud also upgraded its ODPS (Open Data Platform and Services), a self-developed integrated data analytics and intelligent computing platform, to provide companies with diversified data processing and analytics services. The platform can handle both online and offline data simultaneously in one system, providing businesses dealing with complex workloads with analytics for business decision-making with reduced cost and increased efficiency.

ODPS has refreshed global records for big data performance, according to recent results from the Transaction Processing Performance Council (TPC), an industry council that sets the standards for transaction processing and database benchmarking. Evaluated based on a 100 TB data benchmark, the performance of ODPS Maxcompute Cluster attained the top score for the sixth consecutive year. ODPS Hologres Cluster also shown a record-breaking result in the TPC-H 30000GB decision support benchmark test.

To drive workload collaboration between cloud and local hardware, Alibaba Cloud has announced the launch of the Wuying Architecture with a showcase on its applications on the Wuying Cloudbook. The Cloudbook with dedicated Architecture is designed to help users access unlimited computing power on the cloud in a more secure and agile manner while supporting collaboration and flexibility at a workplace.

About Alibaba Cloud

Established in 2009, Alibaba Cloud (www.alibabacloud.com) is the digital technology and intelligence backbone of Alibaba Group. It offers a complete suite of cloud services to customers worldwide, including elastic computing, database, storage, network virtualization services, large-scale computing, security, management and application services, big data analytics, a machine learning platform and IoT services. Alibaba maintained its position as the third leading public cloud IaaS service provider globally since 2018, according to IDC. Alibaba is the world’s third leading and Asia Pacific’s leading IaaS provider by revenue in U.S. dollars since 2018, according to Gartner.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221102006197/en/

About Business Wire

Business Wire
Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco

http://businesswire.com
DK

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Venture Global Announces New Long-Term LNG Partnership with Hanwha of Korea27.2.2026 01:00:00 CET | Press release

20-year sales and purchase agreement marks Venture Global’s first SPA with a Korean entity Today, Venture Global, Inc. (NYSE: VG) and Hanwha Aerospace Co., Ltd. announced the execution of a new Sales and Purchase Agreement (SPA) for the purchase of 1.5 million tonnes per annum (MTPA) of U.S. liquefied natural gas (LNG) from Venture Global for twenty years starting in 2030. This agreement brings Venture Global’s long-term contracted portfolio to over 46 MTPA. “Venture Global is thrilled to announce our first long-term supply deal in Korea through a new partnership with Hanwha Aerospace which marks another important step in expanding reliable, long-term LNG supply to our partners in Asia,” said Mike Sabel, CEO of Venture Global. “We are proud to support growing global energy needs with low-cost, secure American LNG while strengthening the strategic energy partnership between the United States and South Korea to support long-term industrial and economic growth.” About Venture Global Ventu

Hydnum Steel Secures 500 MW of Electrical Power, a Key Step Forward in the Construction of Its Clean Steel Plant in Spain27.2.2026 00:00:00 CET | Press release

The company will produce flat steel, a product for which the EU has an annual deficit of almost 11 million tons Hydnum Steel has taken a decisive step towards constructing Spain’s first clean steel plant after being granted access to the electricity grid at the Brazatortas node in the province of Ciudad Real. The company has been granted an electricity capacity of 500 MW, as published in the Official State Gazette, which should be enough to guarantee supply to its electric arc furnace. This concession marks a significant milestone for a pioneering project in the Iberian Peninsula. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260225309290/en/ Image recreating the steel plant that Hydnum Steel will build in Puertollano, Spain Hydnum Steel is consolidating its position as a reliable supplier of clean European steel. The fully digitally integrated plant will produce hot-rolled steel coils efficiently and sustainably, with bene

1089 Inc. Partners with Price Forbes and Oka-Lloyd's Syndicate 1922 to Launch Market-Defining First: Carbon Asset Insurance Framework for Transportation and Energy Sectors26.2.2026 23:01:00 CET | Press release

New program introduces dedicated insurance safeguards and immutable transfer infrastructure to advance fiscal maturation of global carbon markets, enabling scaled participation across world's highest-emitting sectors, Transportation and Energy. 1089 Inc., in collaboration with Price Forbes and Oka, The Carbon Insurance Company, announce launch of an insured carbon asset designed to bring institutional safeguards, disciplined financial architecture, and verifiable data integrity to carbon markets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260226012782/en/ 1089 Inc. is Advancing Carbon™, focused on evolving global carbon markets and decarbonizing the highest-emitting sectors on the planet: Transportation and Energy. The framework provides defined risk coverage for 1089’s CX89 Advanced Fuels Carbon Assets, underwritten by Lloyd’s Syndicate 1922 and placed with the support of Price Forbes and Oka. The program introduces ins

Sun Nuclear QADS 2026 Event Combines Clinical Insight and New Innovations for Advancing Radiation Therapy QA26.2.2026 23:00:00 CET | Press release

15th QA & Dosimetry Symposium convenes medical physics and radiation therapy community in RomeTwo days of sessions span diverse topics from 24 clinical practitioners and thought leadersEvent introduces new Daily QA™ 4 Pro device and features expansion of AI-enabled solutions Sun Nuclear, a Mirion Medical company, today opened the QA & Dosimetry Symposium (QADS), taking place over the next two days in Rome, Italy. The 15th installment brings together more than 230 clinical physicists and radiation medicine professionals from nearly 40 countries. Participants from diverse clinical environments will earn continuing education credits while sharing practical insights, emerging approaches, and real-world experiences shaping the future of quality and patient safety in cancer care. Building on its legacy as a peer-driven forum with practical applications, QADS 2026 features sessions delivered by 24 speakers spanning: Future Directions in Machine and Patient QA and In-vivo Dosimetry Stereotacti

Lattice to Highlight Low Power, Edge-Ready Programmable Solutions at embedded world 202626.2.2026 22:00:00 CET | Press release

Lattice Semiconductor (NASDAQ: LSCC), the low power programmable leader, today announced its exhibition plan for embedded world 2026, where it will demonstrate how its low power, small form factor FPGA innovations help engineers accelerate intelligent, scalable designs from cloud to sensor. At the event, Lattice will participate in expert panel discussions, lead conference sessions, and host an interactive booth experience filled with real-world solutions for the Automotive, Industrial, and Security markets from Lattice and its innovation partners. Who: Lattice Semiconductor What / When: Lattice Booth and Demo Showcase: March 10 – 12, Hall 4, Booth #528 Expert Panel featuring Lattice Chief Strategy and Marketing Officer Esam Elashmawi March 10 at 1:30 p.m. GMT+1, Hall 3, Booth #611 Conference Sessions March 10 at 5 p.m. GMT+1 Safety & Security: “Trusted Resilience Edge – Unified FPGA-TPM for Post-Quantum Cryptography RED & Cyber Resilience Act” March 11 at 10:30 a.m. GMT+1 IoT & Connec

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye