Loading...
Market
Alibaba Cloud Market Share Increase by 2024 End?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Market analysis reports or financial statements from Alibaba
Story
Alibaba Cloud Cuts AI Model Prices by 97%, Sparking Price War with Baidu
May 21, 2024, 05:12 AM
Alibaba Cloud has announced a significant reduction in service prices for its AI model, Tongyi Qianwen, by up to 97%, effective May 21. This marks the third price cut by Alibaba Cloud this year. The price reduction has prompted a swift response from Baidu, which has made its ENIRE Speed and ENIRE Lite models free to use. The move is seen as the beginning of a price war in China's nascent AI market. Alibaba's Qwen-Long model, equivalent to GPT-4, will now cost about 1/400 of the price of GPT-4. The price cuts will be in effect from today until June 21. The API input price for Tongyi Qianwen has also been reduced by up to 97%.
View original story
Similar markets
Increase by more than 2% • 25%
Increase by less than 2% • 25%
Decrease by less than 2% • 25%
Decrease by more than 2% • 25%
Google Cloud • 33%
Oracle Cloud • 33%
AWS • 33%
0-5% • 25%
6-10% • 25%
11-15% • 25%
16% or more • 25%
Increases by 2% or more • 33%
Decreases by 2% or more • 33%
Remains within 2% of current share • 33%
No increase • 25%
Up to 10% increase • 25%
10% to 20% increase • 25%
Over 20% increase • 25%
AWS increases market share • 33%
AWS market share remains stable • 33%
AWS loses market share • 33%
Stronger Position • 33%
Unchanged Position • 34%
Weaker Position • 33%