Chinese tech giants, including Alibaba and Huawei, have focused on updating chatbots; In the meantime, Alibaba has adopted a cost reduction strategy and the company’s goal is to reduce prices and attract more customers.
As China is strengthening its position with more affordable and domestically tailored technologies, this trend could pose a threat to American companies such as OpenAI and Google in the global AI market.
85% reduction in the cost of Alibaba’s artificial intelligence chatbot
In line with this strategy, Alibaba recently announced that it will cut the cost of its Qwen AI chatbot by 85%.
The full name of this chatbot is Tongyi Qianwen and it is one of the big language models. At first glance, such a decision may seem like a simple price change, but this move seems to be part of a larger strategy to compete with the American tech giants.
The price cut for Alibaba’s big language model services comes as the Chinese company tries to make artificial intelligence more accessible to users and make it easier for businesses and developers to use such tools.
The recent approach of Chinese tech giants in dealing with artificial intelligence can help the artificial intelligence industry grow faster in this country.
It should be mentioned that China has the largest internet market in the world with a population of over one billion people. It remains to be seen whether the supply of AI-based tools by Chinese companies with lower subscription costs can challenge and pressure US tech companies with higher subscription costs.
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