China's cloud service providers, including Alibaba and Tencent, are not experiencing increased earnings despite the AI model hype. Alibaba's share in China's public cloud market is declining, raising questions about its ability to convert generative AI excitement into actual revenue. The recent quarterly earnings of these providers did not meet expectations, despite the anticipated spike in demand for AI computing, big data, storage, and databases. Alibaba Cloud has significantly reduced prices for its Tongyi Qianwen AI model, prompting a price war in China's AI market as Baidu responds by offering its ENIRE models for free.
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.
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
⚡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 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
#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
Alibaba Cloud will cut service prices for Tongyi Qianwen, effective May 21. #China $BABA
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
China's cloud service providers are racing to turn generative AI hype into real revenue. But the most recent quarterly earnings did not paint the expected rosy picture. https://t.co/vUZ7Mdd4gn
Alibaba's share in China's public cloud market has been falling. Will the company be able to turn generative AI hype into real revenue? https://t.co/lALQdv6o3p https://t.co/tEbTgf8nC2
Despite the buzz over AI models, China's cloud service providers like Alibaba and Tencent are not seeing a boost in their earnings. https://t.co/eymhnMxa9v https://t.co/TVd0RSMjSV