China's AI Models Are 85% Cheaper Than U.S. Rivals — Why It Matters

On the last day of 2024, and for the third time in a year, Alibaba Cloud slashed the prices of generative AI products by a staggering 85%. Alibaba Cloud, a division of Alibaba Group, announced the new prices for its text and visual multimodal AI model Qwen-VL, with a rapidly growing domestic artificial intelligence (AI) […]

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