Price war in China’s AI field expanded as Alibaba Cloud and Baidu have drastically reduced model prices

Alibaba Cloud gave China’s AI industry a fresh shock on Tuesday after it announced a price cut of up to 97%, making RMB 1 ($0.14) to handle an input as large as two million tokens. The sudden notice comes just days after TikTok owner ByteDance promised an ultra-low-cost model, which the company claimed can process 2 million Chinese characters under RMB 1, for corporate customers. Meanwhile, Baidu’s following announcement of its plan to open two main models – the entry-level ERNIE Lite and high-performance ERNIE Speed for free on Tuesday afternoon, further signals an escalated price war has begun aims to scramble for enterprises. [TechNode reporting]

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