Alibaba Cloud has announced a major price reduction of up to 85 percent on its Qwen-VL large language model, which processes both text and images. According to Ryan Browne from Reuters, this move reflects the intensifying competition in China’s AI market. The price cut follows earlier reductions of up to 97 percent in May.
Alibaba’s AI technology has already been adopted by over 90,000 enterprise users. The company focuses on business applications rather than consumer products like ChatGPT. Other major Chinese tech companies, including Tencent, Baidu, and Bytedance, have also launched their own language models in the past 18 months, highlighting the growing importance of AI technology in China’s tech sector.