Alibaba Cloud Slashes Prices on LLMs by Up to 85% to Lead China's AI Market
Alibaba Cloud has announced a massive price cut on its Large Language Models (LLMs) by up to 85%, aiming to dominate China's AI market. Their visual reasoning model, Qwen-VL-Max, now costs just 0.003 yuan ($0.00041) per thousand tokens. This strategic move seeks to attract Chinese businesses amidst fierce competition from major tech giants like Tencent and Baidu. The price reduction follows earlier cuts in their core cloud services, highlighting Alibaba's sustained effort to expand its market share in China's rapidly growing AI sector.
Jan 3