China’s cloud computing sector sees massive AI model price cuts by Alibaba and Baidu: Here’s why
Alibaba and Baidu, two of China’s leading tech companies, dramatically reduced prices on Tuesday for their large-language models (LLMs) used in generative AI products, intensifying the ongoing price competition in the country’s cloud computing sector. Alibaba’s cloud division announced substantial price cuts, slashing costs by up to 97 percent on various Tongyi Qwen LLMs. For …
