Alibaba Group Holding Ltd. has announced significant price cuts for its AI services, slashing prices by up to 97% for its Tongyi Qianwen model, effective May 21. This marks the third price reduction by Alibaba Cloud this year. The cuts include the API input price, and the Qwen-Long model now costs about 1/400 of the price of GPT-4. In response, Baidu Inc. has made its Ernie Speed and Ernie Lite models free to use. The price cuts by Alibaba Cloud and Baidu are seen as the beginning of a price war in China's emerging AI market. The reductions have also been influenced by ByteDance's recent relaunch of its low-cost Doubao model. The price war among major Chinese AI developers is intensifying as companies aim to capture market share in the nascent AI sector.
Two weeks ago, Alibaba Cloud bragged its AI was soaring. Now it's slashing prices https://t.co/hVWTJDacBi
Price war in China’s AI field expanded as Alibaba Cloud and Baidu have drastically reduced model prices https://t.co/Ga0R1C6JXW
Alibaba Group Holding Ltd. slashed its prices for a clutch of artificial intelligence services by as much as 97%, spurring an immediate response from Baidu Inc. which could be the start of a price war in China’s nascent AI market https://t.co/y85QfXH9PK
The Chinese hyperscalers have been caught up in the GenAI capital spending frenzy too. Now this: "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…
Where's The Demand? Alibaba Slashes AI Pricing By Up To 97%, Igniting Discount War Across China https://t.co/hzxpOnqcdO
Remember when certain people were scared China was ahead in AI? I rest my case https://t.co/0ouH32JAiW
$BABA (-2.0% pre) $BIDU (-2.7% pre) Alibaba slashes prices of cloud services, Baidu follows suit, sparking AI price war - report - SA https://t.co/ZkwWRARuOi
Top overnight news 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. BBG ASML and TSMC reassured US…
Alibaba slashes prices for its AI services by up to 97%, leading Baidu to offer free Ernie AI-based services; ByteDance priced its services cheaply last week (Bloomberg) https://t.co/j3e5KoawFM 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/CBFiS6EXCZ
⚠️ CHINESE TECH GIANTS SLASH PRICES OF LANGUAGE MODELS USED TO POWER AI CHATBOTS Full Story → https://t.co/FBGI5frs2D Chinese tech giants Alibaba and Baidu slashed prices on Tuesday of large-language models (LLMs) used to power generative artificial intelligence products, as a… https://t.co/rH27PSkX41
PRICE WAR IN CHINA'S AI MARKET $BABA Alibaba Cloud slashes prices for its latest LLM model, Tongyi Qianwen, by up to 97%, effective May 21. In response, Baidu $BIDU made its ENIRE Speed and ENIRE Lite models "FREE" to use.
AI wars begin: Alibaba $BABA slashed prices this week for a group of artificial intelligence services by as much as 97%, spurring an immediate response from Baidu $BIDU in potentially the start of a price war in China’s nascent AI market.
Alibaba Group slashes prices for a clutch of AI services by as much as 97%, spurring an immediate response from Baidu in potentially the start of a price war in China’s nascent AI market https://t.co/BQTo18sUC3
Baidu today made two lightweight versions of its Ernie #AI model, Ernie Speed and Ernie Lite, free as price war among major Chinese LLM developers intensifies. Alibaba Cloud earlier cut prices of its main AI model following rival ByteDance’s relaunch of its low-cost Doubao model. https://t.co/qXs2N2UAkE
⚡In response to price cuts in Alibaba Cloud's large language models, Baidu has made its ENIRE Speed and ENIRE Lite models free to use. #China #AI $BIDU $BABA The price war for Chinese AI models has begun. https://t.co/7vszaCm9XX https://t.co/wIb544RGma
Alibaba Cloud Cuts Main #AI Model Prices by 97% to World's Lowest @alibaba_cloud https://t.co/MpwpIQOWf7
Alibaba Cloud announced to cut the API input price of its #AI model Tongyi Qianwen by up to 97% from today to June 21. The cloud unit’s #GPT4 equivalent Qwen-Long model now costs about 1/400 of the price of GPT-4. @alibaba_cloud https://t.co/iY2LDkDVzY
AliCloud cuts prices across its Qwen AI model services, effective immediately This is the 3rd time AliCloud has cut prices this year $BABA is "e-commercing" the cloud https://t.co/pWIJqWkdln
#BREAKING Alibaba Cloud cuts service prices for Tongyi Qianwen by up to 97%, effective May 21. #China #Alibaba $BABA https://t.co/FsK0WVOywJ https://t.co/exHi1pTlyk
#BREAKING Alibaba Cloud cuts service prices for Tongyi Qianwen by as much as 97%, effective May 21. #China #Alibaba $BABA https://t.co/qy0L07kJZY https://t.co/exHi1pTlyk
Alibaba Cloud will cut service prices for Tongyi Qianwen, effective May 21. #China $BABA
The U.S. and China are engaged in an AI arms race. https://t.co/Niyd8Ogexd
In China, buzz over AI models was expected to spur a spike in demand for AI computing, big data, storage, databases and more. When will Baidu, Tencent, and Alibaba Cloud reap the full benefits? https://t.co/qwxRxJMAxO https://t.co/RxrmICOA11
Secretary of the Party Committee of the Chinese Academy of Science and Technology for Development: On the AI track, China and the United States shouldn't just be opponents. https://t.co/CurV5GbpPB