Chinese tech giants Alibaba and Baidu slashed prices on Tuesday of large-language models (LLMs) used to power generative artificial intelligence products, as...
BEIJING - Chinese tech giants Alibaba and Baidu slashed prices on Tuesday of large- language models used to power generative artificial intelligence products, as a price war in the cloud computing sector heats up in China .
Many Chinese cloud vendors have relied on AI chatbot services to boost sales, after China saw a wave of investment in large language models in response to the hit debut of U.S.-based OpenAI's ChatGPT in late 2022. Bytedance announced last week that the main model of its Doubao LLMs would be priced 99.3% lower than the industry average for business users.
Baidu was the first company in China to offer its LLM products to paying consumers, charging 59 yuan per month for those looking to use its most advanced Ernie 4 model. -- ByteDance Ltd. has overtaken Baidu Inc. in the race to deliver China’s answer to ChatGPT — at least in terms of popularity.
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