Alibaba cuts Qwen-VL AI model prices by up to 85%, intensifying AI market competition in China.

Alibaba Cloud has cut prices on its Qwen-VL AI model by up to 85%, reflecting the fierce competition among Chinese tech giants like Alibaba, Tencent, Baidu, and ByteDance in the AI market. Alibaba focuses on enterprise users, with Qwen models used by over 90,000 businesses. This price reduction is part of a broader trend of tech firms lowering prices to gain market share in the rapidly growing AI sector.

3 months ago
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