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Alibaba Group Holdings and Huawei Technologies on Friday showcased new products, including an artificial intelligence (AI) image generator and an AI<\/a> model upgrade, as Chinese companies jostle for position in the global AI race.<\/p>\n Alibaba Cloud<\/a>, an Alibaba subsidiary, presented at the World Artificial Intelligence Conference in Shanghai an image generator named Tongyi Wanxiang that will initially be available to enterprise customers in beta form.<\/p>\n Also on Friday, Huawei<\/a> demonstrated the third iteration of its Panggu AI model at the start of its three-day annual developer conference in Dongguan.<\/p>\n Chinese tech companies are aggressively developing AI products after the ChatGPT<\/a> chatbot by OpenAI<\/a> ignited a generative AI boom. McKinsey estimates that generative AI could eventually add $7.3 trillion (roughly Rs. 82,597 crore) in value to the world economy each year.<\/p>\n Alibaba’s image generator will compete with OpenAI’s DALL-E and Midjourney’s Midjourney, US-based rivals that have gained a large following worldwide.<\/p>\n Alibaba Cloud emerged from a massive overhaul announced in March that split the Chinese tech major into six units. In April, it launched a ChatGPT-like text generator Tongyi Qianwen.<\/p>\n In addition to the Tongyi Wanxiang image generator, which roughly translates as “truth from tens of thousands of pictures”, presented on Friday, Alibaba Cloud has also rolled out ModelScopeGPT, an AI tool for developers.<\/p>\n Huawei said its AI takes a different approach from many AI applications. Rather than focusing on generating content, its Pangu 3.0 model would mostly serve industrial usages, it said.<\/p>\n The Shenzhen-based company said its model aims to ensure more efficient safety inspections for freight train carriages, AI assistance for local government services and more accurate weather prediction.\u00a0<\/p>\n \u00a0<\/p>\n \u00a9 Thomson Reuters 2023<\/em><\/p>\nFrom the Nothing Phone 2 to the Motorola Razr 40 Ultra, several new smartphones are expected to make their debut in July. We discuss all of the most exciting smartphones coming this month and more on the latest episode of Orbital<\/a>, the Gadgets 360 podcast. Orbital is available on Spotify<\/a>, Gaana<\/a>, JioSaavn<\/a>, Google Podcasts<\/a>, Apple Podcasts<\/a>, Amazon Music<\/a> and wherever you get your podcasts.<\/em>