- Reuters
Chinese tech giants slash prices of language models used to power AI chatbots
Chinese tech giants Alibaba and Baidu slashed prices on Tuesday of large-language models (LLMs) used to power generative artificial intelligence products, as a price war in the cloud computing sector heats up in China. Alibaba's cloud unit announced price cuts of up to 97% on a range of its Tongyi Qwen LLMs. It was quickly followed by Baidu, which hours later announced that its Ernie Speed and Ernie Lite models would be free for all business users.
- Bloomberg
Alibaba Sparks China AI Price War With Spate of Steep Discounts
(Bloomberg) -- Alibaba Group Holding Ltd. slashed prices for a clutch of artificial intelligence services by as much as 97%, spurring an immediate response from Baidu Inc. in potentially the start of a price war in China’s nascent AI market.Most Read from BloombergHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyASML and TSMC Can Disable Chip Machines If China Invades TaiwanIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteJamie Dimon Says Succession at JPMorgan Is ‘Well on
