On Tuesday, Alibaba Group Holding (NYSE:BABA) cloud unit launched an expanded suite of its Tongyi Qianwen family of large language models (LLMs) and development tools for global developers.

Alibaba Cloud launched an expanded suite of LLMs and artificial intelligence development tools at its annual developer summit in Indonesia on January 21, SCMP reports.

In December, Alibaba Cloud shared plans to collaborate to develop AI and cloud-computing solutions for global businesses.

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In 2024, Alibaba Cloud closed its data centers in Australia and India as it prioritized operations in other markets.

Trump declared 25% tariffs on imports from Canada and Mexico on February 1. He also threatened that the U.S. could slap tariffs on China if it does not approve a TikTok deal.

Price Action: BABA stock traded higher by 0.35% at $85.68 at the last check on Wednesday.

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