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Alibaba Sparks AI Price War With Massive Discounts: Report - Alibaba Gr Holding (NYSE:BABA)

Alibaba Group (NYSE:BABA) has drastically cut prices on its AI services by up to 97%, sparking a fierce price war in China's burgeoning AI sector. Competitors Baidu (NASDAQ:BIDU) and ByteDance have swiftly responded with aggressive pricing and free services. This competition highlights the intense race among Chinese tech giants, including Tencent, to dominate the AI market, fueled by massive investments and strategic restructuring efforts.

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Alibaba and Douyin Partner In Strategic Move to Dominate China s Midyear Shopping Craze

Alibaba and Douyin Partner In Strategic Move to Dominate China s Midyear Shopping Craze
aol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aol.com Daily Mail and Mail on Sunday newspapers.

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Alibaba Boosts E-Commerce Edge with AI, Despite Shrinking Market Share - Alibaba Gr Holding (NYSE:BABA)

Alibaba Boosts E-Commerce Edge with AI, Despite Shrinking Market Share - Alibaba Gr Holding (NYSE:BABA)
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Alibaba Boosts E-Commerce Edge with AI, Despite Shrinking Market Share

Alibaba Boosts E-Commerce Edge with AI, Despite Shrinking Market Share
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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Baidu s Q1 Earnings: Revenue and EPS Beat, CEO Highlights Gen-AI s Role in Transforming Everyday Life

Baidu, Inc (NASDAQ: BIDU) reported a fiscal first-quarter 2024 revenue growth of 1% year-on-year to $4.37 billion, beating the analyst consensus estimate of $4.32 billion. Baidu's adjusted earnings per ADS of $2.76 beat the analyst consensus estimate of $2.30. Segments: Baidu's Core revenue increased 4% year over year to $3.30 billion; Online marketing revenue improved 3% year over year to $2.36 billion. Non-online marketing revenue grew 6% year over year to $935 million, driven by the AI Cloud

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