Chinese AI tech firms, including Alibaba Cloud, reduce prices, intensifying competition and driving industry AI adoption.
Generative AI technology price cuts by Chinese firms like Alibaba Cloud are set to push companies to adopt AI and digitalization. Competition in the AI field is intensifying, with Chinese tech companies urged to invest in computing power, algorithms, and high-quality training data to gain an edge in the global race. Generative AI, seen in OpenAI's ChatGPT, is expected to be increasingly applied across various industries, driving industrial transformation and upgrades.
July 01, 2024
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