Alibaba Cloud, the cloud computing division of Chinese e-commerce giant Alibaba, announced significant price reductions on its visual language model, Qwen-VL, by up to 85%. This move signals increasing competition among Chinese tech companies to secure market share for their AI offerings. Qwen-VL is designed to understand both text and images, and the price cuts aim to attract more businesses to utilize Alibaba's AI products. This action follows a trend of price reductions on AI products by Alibaba and other Chinese tech giants like Huawei and Bytedance, all vying to capitalize on the growing interest in generative AI.
Alibaba Cloud , the Chinese e-commerce firm’s cloud computing division, said Tuesday it’s cutting prices on its visual language model Qwen-VL by up to 85%.
Large language models — AI models that are trained on vast quantities of data to generate humanlike responses — are the bedrock of today's generative AI systems.The Hangzhou-based e-commerce firm's cloud computing division, Alibaba Cloud, said in a WeChat post that it's offering the price cuts on its visual language model, Qwen-VL, which is designed to perceive and understand both texts and images.
Nevertheless, the price cuts demonstrate how the race among China's technology giants to win more business for their nascent artificial intelligence products is intensifying., Huawei and TikTok parent company Bytedance have all launched their own large language models over the past 18 months, looking to capitalize on the hype around the technology.
Alibaba Cloud AI Artificial Intelligence Large Language Models Qwen-VL China Tech Competition
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