Alibaba Cloud slashes prices by as much as 55% to fuel AI growth in China

CNBC February 28, 2024
Sheila Chiang

Key Points

– Alibaba Cloud on Thursday said it is cutting prices across more than 100 core public cloud products to make cloud computing more accessible in the AI boom.

– “As the biggest cloud service provider in China and APAC, we see tremendous growth prospect of China’s digital market,” said Liu Weiguang, president of public cloud business at Alibaba Cloud Intelligence.

– Interest and investments in generative AI have boomed since OpenAI launched ChatGPT in November 2022.

Alibaba‘s cloud business on Thursday said it is cutting prices on a wide range of core cloud products by as much as 55%, in a bid to fuel AI growth in China.

The move aims to make “cloud capabilities more inclusive and...

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