Alibaba slashes prices on large language models by up to 85% as China AI rivalry heats up

CNBC December 31, 2024
Ryan Browne

Key Points

– Alibaba Cloud, the Chinese e-commerce firm’s cloud computing division, said Tuesday it’s cutting prices on its visual language model Qwen-VL by up to 85%.

– The move is a demonstration of how competition among China’s technology giants to win more business for their nascent artificial intelligence products is intensifying.

– Large language models — AI models that are trained on vast quantities of data to generate humanlike responses — are the bedrock of today’s generative AI systems.

Alibaba is cutting prices on its large language models by up to 85%, the Chinese tech giant announced Tuesday.

The Hangzhou-based e-commerce firm’s cloud computing division, Alibaba Cloud, said in a WeChat post that it’s offering the price cuts on...

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