Straits Times Index
3,307.90 -6.15 (-0.19%) S&P 500
5,320.36 -1.05 (-0.02%) Dow
39,842.21 -30.78 (-0.08%) Nasdaq
16,827.51 -5.12 (-0.03%) Bitcoin USD
70,162.27 +362.33 (+0.52%) CMC Crypto 200
1,523.37 -3.05 (-0.20%)
BIDU Sep 2024 140.000 call
- Fortune
The race to lead China’s AI sector heats up as ByteDance, Alibaba and Baidu offer their models at rock-bottom prices
China's AI providers are slashing prices after TikTok-owned ByteDance unveiled new AI models that it claimed cost 99% less than the competition.
- Benzinga
Alibaba Sparks AI Price War With Massive Discounts: Report
In a major move, Alibaba Group Holding Ltd (NYSE:BABA) slashed prices on its artificial intelligence services by up to 97%, prompting immediate reactions from competitors Baidu Inc (NASDAQ:BIDU) and ByteDance Ltd. This aggressive pricing strategy is expected to ignite a price war in China's emerging AI sector. Baidu responded soon with free services based on its Ernie AI models, shortly after Alibaba announced price cuts on nine products utilizing its Tongyi Qianwen technology. ByteDance had alr
- Benzinga
Despite US-China Tensions, Baidu Boosts Ties with Apple and Tesla For Major Role in AI and Autonomous Tech
Baidu Inc (NASDAQ:BIDU) is forming tighter connections with U.S. tech giants like Apple Inc (NASDAQ:AAPL) and Tesla Inc (NASDAQ:TSLA), leveraging China’s overseas data transfer restrictions to expand its focus beyond its traditional search business. Reports indicated that Apple has engaged in preliminary discussions to incorporate Baidu’s generative AI technology into its devices. CEO Tim Cook’s Shanghai store launch highlights Apple’s ambitions in the country despite geopolitical tensions. Baid
