Alibaba, Baidu, ByteDance heat up price war in China’s AI market with steep LLM discounts, putting pressure on start-ups
Alibaba Cloud Intelligence, China’s biggest cloud computing service provider, slashed the fees for using its generative artificial intelligence (AI) models by up to 97 per cent, a salvo in a price war that comes a week after ByteDance launched a rival service that costs less than most competitors. The price cuts apply to nine of … Read more
