BIDU May 2024 109.000 call
| Previous close | 0.0200 |
| Open | 0.0100 |
| Bid | 0.0000 |
| Ask | 0.0100 |
| Strike | 109.00 |
| Expiry date | 2024-05-24 |
| Day's range | 0.0100 - 0.0400 |
| Contract range | N/A |
| Volume | |
| Open interest | 1.02k |
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China's AI providers are slashing prices after TikTok-owned ByteDance unveiled new AI models that it claimed cost 99% less than the competition.
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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.
