Alibaba Cloud has reduced the price of its proprietary Qwen LLM by up to 97 percent, aiming to promote the growth of AI applications in China.
Competitors like ByteDance and Baidu responded to Alibaba's price cuts by introducing cheaper AI services or making some models entirely free, driven by market forces.
China's government may intervene in the AI market despite its policy priority for AI adoption, as they are cautious about Big Tech driving unforeseen changes.
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