BIDU May 2024 102.000 call
| Previous close | 6.9900 |
| Open | 3.9600 |
| Bid | 2.8900 |
| Ask | 3.3500 |
| Strike | 102.00 |
| Expiry date | 2024-05-24 |
| Day's range | 3.3000 - 4.0000 |
| Contract range | N/A |
| Volume | |
| Open interest | 539 |
ReutersChinese tech giants slash prices of language models used to power AI chatbots
Chinese tech giants Alibaba and Baidu slashed prices on Tuesday of large-language models (LLMs) used to power generative artificial intelligence products, as a price war in the cloud computing sector heats up in China. Alibaba's cloud unit announced price cuts of up to 97% on a range of its Tongyi Qwen LLMs. It was quickly followed by Baidu, which hours later announced that its Ernie Speed and Ernie Lite models would be free for all business users.
South China Morning PostAlibaba, Baidu, ByteDance heat up price war in China's AI market with steep LLM discounts, putting pressure on start-ups
Alibaba Cloud Intelligence, China's biggest cloud computing service provider, slashed the fees for using its generative artificial intelligence (AI) models by up to 97 per cent, a salvo in a price war that comes a week after ByteDance launched a rival service that costs less than most competitors. The price cuts apply to nine of Alibaba's Qwen self-developed large language models (LLMs), also known as Tongyi Qianwen, said Liu Weiguang, president of public cloud business, at the firm's AI summit
BloombergAlibaba Sparks China AI Price War With Spate of Steep Discounts
(Bloomberg) -- Alibaba Group Holding Ltd. slashed prices for a clutch of artificial intelligence services by as much as 97%, spurring an immediate response from Baidu Inc. in potentially the start of a price war in China’s nascent AI market.Most Read from BloombergOne Dead After Singapore Air Flight Hit By Severe TurbulenceASML, TSMC Can Disable Chip Machines If China Invades TaiwanHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyJamie Dimon Says Succession at JPMorgan Is ‘Well on the
