Today in AI: Alibaba open-sources two AI models, AI-based HYRGPT eliminates the first two steps of hiring and more
The intensifying AI rivalry between the United States and China has reached a new level as Alibaba, the Chinese tech giant, releases two open-source AI models in response to Meta’s Llama 2. Alibaba’s cloud computing division has unveiled Qwen-7B and Qwen-7B-Chat, both categorized as Large Language Models (LLM), engineered to comprehend and engage in natural human language interactions.
These two models, Qwen-7B and Qwen-7B-Chat, are scaled-down versions of Alibaba’s larger language model, Tongyi Qianwen, which translates loosely to “exploring truth through a thousand questions.”
Furthermore, the landscape of recruitment is undergoing transformation with the introduction of HYRGPT, a generative AI-powered recruitment co-pilot developed by Personifwy, a Bengaluru-based candidate and employee engagement platform. This innovative tool streamlines the hiring process by negating the initial steps of manual CV scanning by recruiters. Instead, the software employs essential keywords and initiates contact with shortlisted candidates for preliminary interviews utilizing predetermined standard queries. Successful candidates proceed to an HR round, followed by a technical interview with the hiring manager.
The notable surge in share price for Isu Petasys Co., a company supplying multi-layered boards to prominent clients such as Alphabet, Nvidia, and Microsoft, has resulted in significant wealth growth for its Chairman, Kim Sang-Beom, and his family. Their stake’s value surpassed $800 million as of August 3, paralleling a broader trend in the AI sector. The rise in demand for AI investments has propelled individuals like Jensen Huang, CEO of Nvidia, whose fortune has nearly tripled this year to reach $39.9 billion, as documented by the Bloomberg Billionaires Index.
