China's Alibaba released a new Qwen model

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Welcome back to The Pulse, where we dive into interesting AI stories and trends backed by data, all presented through simple visuals.

> China’s Alibaba released newest version of Qwen last week

> outperforms & achieves comparative performance to other SOTA models

> on average ~2.5x cheaper than GPT-4o and Sonnet 3.5

> received lot of positive feedback on video generation capabilities

> demand to double from 49 GW (2023) → 96 GW (2026)

> AI demand to be ~40 GW by 2026 & outgrow non-AI demand by 2028

> total demand to grow at least 3x between 2022 and 2028

> data from fintech company Stripe

> comparing top 100 AI companies (as of July 2024) & similar SaaS startups (July 2018)

> AI startups reaching million-dollar revenues within 1st year; much faster than non-AI tech

> AI startups: $30M revenue in 20 months vs 60+ months for SaaS