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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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Alibaba: The tit-for-tat maneuvers mark the opening salvos of a price-based battle within AI, a field that’s attracting billions of dollars of investment from startups and internet leaders including Tencent Holdings Ltd. The flurry of investment has created scores of AI models and spawned many more consumer and enterprise products in turn, all fighting for the critical mass of users needed to speed AI development.
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...
A price war in China's cloud computing space has been ongoing for the past few months.