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Alibaba Cloud: The price cuts constitute Alibaba's latest effort to persuade developers to build data-intensive AI models and applications using its cloud services.
AI Industry: This comes at a time when China is trying to catch up with the United States in AI development after U.S. company OpenAI shocked the world with its seminal chatbot ChatGPT at the end of 2022. Last year, Beijing was active in devising regulations for AI including a licensing regime for ChatGPT-like products in the country.
Home-grown rivals such as Huawei Technologies and Xiaomi have been offering competitive models, while sources have said some companies and government departments have been limiting staffers' use of Apple devices - mirroring U.S. government restrictions of Chinese apps on security grounds.