{"id":55546,"date":"2024-05-21T17:01:41","date_gmt":"2024-05-21T17:01:41","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/21\/alibaba-baidu-slash-prices-of-language-models-used-to-power-ai-chatbots\/"},"modified":"2024-05-21T17:01:41","modified_gmt":"2024-05-21T17:01:41","slug":"alibaba-baidu-slash-prices-of-language-models-used-to-power-ai-chatbots","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/21\/alibaba-baidu-slash-prices-of-language-models-used-to-power-ai-chatbots\/","title":{"rendered":"Alibaba, Baidu Slash Prices of Language Models Used to Power AI Chatbots"},"content":{"rendered":"
\"Alibaba,<\/div>


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Chinese tech giants Alibaba<\/a> and Baidu<\/a> slashed prices on Tuesday of large-language models (LLMs<\/a>) used to power generative artificial intelligence<\/a> products, as a price war in the cloud computing sector heats up in China.<\/p>\n

Alibaba’s cloud unit announced price cuts of up to 97 percent on a range of its Tongyi Qwen LLMs. Its Qwen-Long model, for instance, will cost only CNY 0.0005 per 1,000 tokens – or units of data processed by the LLM – after the price cut, down from CNY 0.02 per 1,000 tokens.<\/p>\n

It was quickly followed by Baidu, which hours later announced that its Ernie Speed and Ernie Lite models would be free for all business users.<\/p>\n

A price war in China’s cloud computing space has been ongoing for the past few months, with Alibaba and Tencent recently lowering prices of their cloud computing services.<\/p>\n

Many Chinese cloud vendors have relied on AI<\/a> chatbot services to boost sales, after China saw a wave of investment in large language models in response to the hit debut of US-based OpenAI’s ChatGPT<\/a> in late 2022.<\/p>\n

The price war in China’s cloud computing space has now hit the large-language models that power these chatbots, threatening to lower companies’ profit margins.<\/p>\n

Baidu’s Ernie Lite and Ernie Speed were released in March and until Tuesday corporate customers paid to use them.<\/p>\n

Bytedance<\/a> announced last week that the main model of its Doubao LLMs would be priced 99.3% lower than the industry average for business users.<\/p>\n

Chinese LLM developers have focused on charging businesses as a way to monetize their investments in LLMs.<\/p>\n

Some have also begun targeting individual users. Chinese startup Moonshot recently launched a tipping feature, where business and individual users can pay to prioritize their use of its chatbot services.<\/p>\n

Baidu was the first company in China to offer its LLM products to paying consumers, charging 59 yuan per month for those looking to use its most advanced Ernie 4 model.<\/p>\n

\u00a9 Thomson Reuters 2024<\/em><\/p>\n\n

Affiliate links may be automatically generated – see our ethics statement<\/a> for details.<\/i><\/div>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Chinese tech giants Alibaba and Baidu slashed prices on Tuesday of large-language models (LLMs) used to power generative artificial intelligence products, as a price war in the cloud computing sector heats up in China. Alibaba’s cloud unit announced price cuts of up to 97 percent on a range of its Tongyi Qwen LLMs. Its Qwen-Long […]<\/p>\n","protected":false},"author":2,"featured_media":55547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/i.gadgets360cdn.com\/large\/baidu_Reuters_1716297128036.jpg","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[1274,10592,54807,11789,5376,168,14575,16497,3908,2974,2364,6329],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/55546"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=55546"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/55546\/revisions"}],"predecessor-version":[{"id":55548,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/55546\/revisions\/55548"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/55547"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=55546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=55546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=55546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}