How price cuts will push firms to embrace AI, digitalization
5 months, 3 weeks ago

How price cuts will push firms to embrace AI, digitalization

China Daily  

Alibaba Cloud, the cloud computing unit of Alibaba Group, announces a price reduction of 97 percent on its Qwen-Long large language model. Major LLM products recently saw steep price cuts announced by Chinese tech majors. Wang said the substantial LLM price reductions will not only lower the threshold for enterprises to adopt AI technology, but also promote their digital transformation, adding the application of AI technology will help enterprises improve operational efficiency and reduce costs, and further enrich the ecosystem of AI applications. Zou Debao, deputy general manager of AI and big data research at market research firm CCID Consulting, said the price wars will likely squeeze profit margins of some LLM startups, while large Chinese LLM developers will further consolidate their dominant positions, expand market share and grab more clients amid increasingly fierce competition.

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History of this topic

US firm's AI tech ban set to inspire homegrown innovation
5 months ago

US firm's AI tech ban set to inspire homegrown innovation

China Daily  

SHI YU/CHINA DAILY US-based research company OpenAI's recent move to block access in China and other countries to the technology used to build artificial intelligence products is likely to backfire and boost development of the domestic industry, experts said. Luring new users In response to OpenAI's announcement, a slew of Chinese technology companies are scrambling to lure OpenAI users to …

US firm's AI tech ban set to inspire homegrown innovation
5 months ago

US firm's AI tech ban set to inspire homegrown innovation

China Daily  

SHI YU/CHINA DAILY US-based research company OpenAI's recent move to block access in China and other countries to the technology used to build artificial intelligence products is likely to backfire and boost development of the domestic industry, experts said. Luring new users In response to OpenAI's announcement, a slew of Chinese technology companies are scrambling to lure OpenAI users to …

US firm's AI tech ban set to inspire homegrown innovation
5 months ago

US firm's AI tech ban set to inspire homegrown innovation

China Daily  

By Fan Feifei and Cheng Yu | China Daily | Updated: 2024-07-25 06:54 SHI YU/CHINA DAILY US-based research company OpenAI's recent move to block access in China and other countries to the technology used to build artificial intelligence products is likely to backfire and boost development of the domestic industry, experts said. Luring new users In response to OpenAI's announcement, …

How price cuts will push firms to embrace AI, digitalization
5 months, 3 weeks ago

How price cuts will push firms to embrace AI, digitalization

China Daily  

Alibaba Cloud, the cloud computing unit of Alibaba Group, announces a price reduction of 97 percent on its Qwen-Long large language model. Major LLM products recently saw steep price cuts announced by Chinese tech majors. Wang said the substantial LLM price reductions will not only lower the threshold for enterprises to adopt AI technology, but also promote their digital transformation, …

LLM price war sees cream rise to top
6 months ago

LLM price war sees cream rise to top

China Daily  

A visitor inquires about artificial intelligence-model products during a recent expo in Beijing. GUO HAIPENG/FOR CHINA DAILY The simmering price war among China's biggest artificial intelligence-model builders will greatly accelerate the launch of more advanced AI language models in the country to close the gap with US counterparts, said top executives from leading Chinese AI startups. Zhang Peng, CEO of …

Alibaba sees its Jan-March revenue up 7%
7 months, 1 week ago

Alibaba sees its Jan-March revenue up 7%

China Daily  

The headquarters of e-commerce giant Alibaba Group in Hangzhou, East China's Zhejiang province. Chinese tech heavyweight Alibaba Group Holding Ltd reported on Tuesday night that its revenue stood at 221.87 billion yuan during the January-March period, an increase of 7 percent year-on-year, while its net income reached 3.27 billion yuan, down 86 percent year-on-year. For the quarter ending on March …

Alibaba Cloud unveils latest version of LLM
7 months, 2 weeks ago

Alibaba Cloud unveils latest version of LLM

China Daily  

Alibaba Cloud unveiled the latest version of its large language model, Tongyi Qianwen 2.5. Alibaba Cloud, the cloud computing unit of Chinese tech heavyweight Alibaba Group Holding Ltd, has unveiled the latest version of its large language model, Tongyi Qianwen 2.5, saying its capabilities have surpassed those of US company OpenAI's most advanced GPT-4 Turbo model. The newly released Tongyi …

Cloud service providers gaze abroad with excitement
9 months, 2 weeks ago

Cloud service providers gaze abroad with excitement

China Daily  

A visitor checks out the large language model developed by Alibaba Cloud during a digital trade expo in Hangzhou, Zhejiang province, in November. Alibaba Cloud, the cloud computing arm of Chinese tech heavyweight Alibaba Group Holding Ltd, recently unveiled a series of AI computing and big data solutions aimed at overseas markets, as part of its broader drive to meet …

Alibaba price cuts heat up cloud space
9 months, 3 weeks ago

Alibaba price cuts heat up cloud space

China Daily  

A view of the booth of Alibaba Cloud during an expo in Shanghai. Experts said Alibaba Cloud's price cuts underscore its commitment to fueling the adoption of AI technologies and supporting the quickly evolving landscape. This round of significant price cuts by Alibaba Cloud is a proactive response to the changing market demands and competitive dynamics in the Chinese market, …

Alibaba Cloud announces a 55% price reduction
9 months, 3 weeks ago

Alibaba Cloud announces a 55% price reduction

China Daily  

Liu Weiguang, president of public cloud business at Alibaba Cloud Intelligence. Alibaba Cloud, the cloud computing unit of Chinese heavyweight Alibaba Group Holding Ltd, announced on Thursday a price reduction of up to 55 percent on more than 100 core cloud products, marking the biggest price cut in the company's history. This move aims to make public cloud services more …

Alibaba Scraps Cloud Unit Spinoff, Citing Washington’s Chip Curbs
1 year, 1 month ago

Alibaba Scraps Cloud Unit Spinoff, Citing Washington’s Chip Curbs

Live Mint  

SINGAPORE—Washington’s latest curbs on the export of high-performance chips to China are beginning to bite. The restrictions “may materially and adversely affect" the cloud business’s ability to offer products and services and to perform under existing contracts, Alibaba said, adding that it would focus on the division’s growth. Tencent had stockpiled chips including Nvidia’s H800—developed especially for the Chinese market …

Amazon touts its low-cost cloud computing in generative AI race
1 year, 5 months ago

Amazon touts its low-cost cloud computing in generative AI race

The Hindu  

A key way that Amazon's cloud division aims to set itself apart from rivals perceived to have a leg up on artificial intelligence is by competing on price, an executive said on Tuesday. The AI models behind a viral chatbot like ChatGPT require immense computing power to train and operate, the kinds of costs Amazon Web Services is good at …

Amazon’s Jassy says AI will be a ‘big deal’ for company
1 year, 8 months ago

Amazon’s Jassy says AI will be a ‘big deal’ for company

Associated Press  

NEW YORK — Amazon CEO Andy Jassy signaled confidence that the company will get costs under control in his annual shareholder letter, where he also noted the tech giant was “spending heavily” on AI tools that have gained popularity in recent months. The company’s profitable cloud computing unit Amazon Web Services also faces “short-term headwinds right now,” despite growing 29% …

China’s Alibaba reveals its large language model Tongyi Qianwen
1 year, 8 months ago

China’s Alibaba reveals its large language model Tongyi Qianwen

The Hindu  

Chinese retail giant Alibaba has announced its large language model Tongyi Qianwen amid a race amongst corporations to build AI-powered chatbots. Alibaba plans to deploy Tongyi Qianwen on its messaging platform DingTalk, voice assistant Tmall Genie, and workplace application to summarise meetings, craft communication, and write business proposals. Alibaba CEO Daniel Zhang reportedly stressed on staying ahead of other businesses, …

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