Alibaba Leverages Scale and Deep Pockets to Slash AI LLM Prices To Gain Market Share

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Alibaba Group Holding (NYSE:BABA) slashed its large language model prices by up to 85%, exhibiting intense domestic rivalry in the AI space. Chinese companies remain engaged in a price war to win market share, prompting Alibaba Cloud to initiate discounts on its visual language model, Qwen-VL, CNBC cites from Alibaba’s WeChat post on Tuesday. In February, the Chinese e-commerce juggernaut announced up to 55% discounts on its core cloud products. Also Read: Trump Administration to Challenge Socia