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Alibaba slashes prices on large language models by up to 85% as China AI rivalry heats up

The World Artificial Intelligence Conference in Shanghai in July 2023.Aly Song | ReutersAlibaba is cutting prices on its large language models by up to 85%, the Chinese tech giant announced Tuesday.The Hangzhou-based e-commerce firm's cloud computing division, Alibaba Cloud, said in a WeChat post that it's offering the price cuts on its visual language model, Qwen-VL, which is designed to perceive and understand both texts and images.Shares of Alibaba didn't move much on the announcement, closin...

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