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Alibaba Slashes Prices On LLMs By Up To 85% As China AI Rivalry Heats Up

Alibaba is cutting prices on its large language models by up to 85% to attract more enterprise users and strengthen its position in China's competitive AI market. CNBC reports: The Hangzhou-based e-commerce firm's cloud computing division, Alibaba Cloud, said in a WeChat post that it's offering the...

Alibaba is cutting prices on its large language models by up to 85% to attract more enterprise users and strengthen its position in China's competitive AI market. [...] 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.

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