Alibaba Cloud, the cloud computing division of Chinese e-commerce giant Alibaba, announced significant price reductions on its visual language model, Qwen-VL, reaching up to 85%. This move underscores the escalating competition among Chinese tech companies to secure market share for their burgeoning artificial intelligence (AI) offerings. Large language models (LLMs), which are trained on massive datasets to generate human-like text, are at the core of modern generative AI systems. Alibaba Cloud highlighted Qwen-VL's ability to process both text and images. This price cut strategy follows a trend of Alibaba incentivizing business adoption of its AI products through price reductions. The company has previously announced similar cuts on a range of cloud products and its Qwen AI model.
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.
Alibaba Cloud Artificial Intelligence Price Cuts Qwen-VL Large Language Models
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