Generative AI on display during the Mobile World Congress 2024 in Barcelona, Spain, on Feb. 26. Photo: VCG
Chinese tech firms are slashing prices of their artificial intelligence (AI) models in a move to stimulate the growth of their cloud businesses, placing a bigger bet on generative AI as they face increasing competition from domestic telecom giants.
In May, TikTok-owner ByteDance Ltd. announced a price level for its large language model (LLM) Doubao that represented a steep discount to Chinese industry norms.
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Chinese Tech Giants Bet Big on AI to Boost Cloud Business - Caixin Global
