👩🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔♂️ A friendly human may check it before it goes live. More news here
🧔♂️ A friendly human may check it before it goes live. More news here
Alibaba Cloud cuts the price of AI models by 85%
Alibaba Cloud, a division of Alibaba Group, has reduced the price of its AI visual reasoning model, Qwen-vl-max.
The cost has decreased by 85% to 0.003 yuan (US$0.00041) per thousand input tokens.
This announcement was made Tuesday, and is Alibaba Cloud’s third price cut for AI services this year.
The revised pricing aligns Qwen-vl-max with a similar model launched by ByteDance in December, highlighting the growing competition among major tech companies in China’s AI services market.
ByteDance’s Volcano Engine cloud unit introduced its visual understanding model earlier in December, also priced at 0.003 yuan per thousand tokens.
Recent Alibaba developments
| Timeline |
|---|
27-Dec-2024 🤝 Alibaba, South Korea’s E-Mart form $4b joint ecommerce deal
|
26-Dec-2024 🤝 Alibaba, South Korea’s Shinsegae to form joint venture in 2025
|
26-Dec-2024 🛒 Alibaba said to merge South Korea’s E-Mart in $4b deal
|
19-Dec-2024 🤖 Alibaba splits AI team to focus on consumers, businesses
|
| 17-Dec-2024 🛍️ Alibaba to sell Intime department store at $1.3b loss |
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.