Gate News message, April 16 — Alibaba (BABA.US) rose over 3% to $138.18 on April 16. On April 15, Alibaba Cloud announced price adjustments for certain Model Unit services on its Bailian large language model platform, with increases ranging from 2% to 7%. The adjustment aims to ensure stable hardware supply, improve platform operations, and address rising costs in the AI computing market.
On the same day, Alibaba released Happy Oyster, a world model for generating three-dimensional environments and interactive video content. The product, currently in limited early access, is designed for gaming, film, and video production applications and supports movie, television, and game development scenarios. Happy Oyster was developed by Alibaba’s Token Hub business unit, the same team behind the earlier video generation model Happy Horse.
Alibaba has designated cloud computing and AI as core growth engines and set a five-year target to increase annual revenue from these businesses to $100 billion, representing approximately a five-fold increase from current levels.
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