Get the latest tech news
Alibaba slashes prices on large language models by up to 85% as China AI rivalry heats up
Alibaba is offering the price cuts on its visual language model, Qwen-VL, which is designed to perceive and understand both texts and images.
Nevertheless, the price cuts demonstrate how the race among China's technology giants to win more business for their nascent artificial intelligence products is intensifying. Major Chinese tech firms including Alibaba, Tencent, Baidu, JD.com, Huawei and TikTok parent company Bytedance have all launched their own large language models over the past 18 months, looking to capitalize on the hype around the technology. In Alibaba's case, the company is focusing its LLM efforts on the enterprise segment rather than launching a consumer AI chatbot like OpenAI's ChatGPT.
Or read this on r/technology
