LLM prices hit rock bottom in China as Alibaba Cloud enters the fray
Recent price cuts by Chinese AI players, including Alibaba Cloud, are pushing LLM prices to historic lows.
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Recent price cuts by Chinese AI players, including Alibaba Cloud, are pushing LLM prices to historic lows.
Competition in China's artificial intelligence-powered large language model sector is intensifying as leading Chinese tech companies have announced drastic price reductions on major LLM products, leading to a growing price war, industry experts said.
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Chinese AI companies are waging a full-fledged price war in hopes of finding ways to commercialise their large language models, with Tencent the latest tech giant to slash prices for its products.
Chinese tech giants Alibaba and Baidu slashed prices on Tuesday of large-language models used to power generative artificial intelligence products, as a price war in the cloud computing sector...