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Top News In Tongyi Qianwen Today - Breaking & Trending Today

Asian Shares Decline On Fed Rate Concerns

Asian stocks ended lower on Tuesday as a stimulus-driven China rally paused and minutes of the May 2024 Reserve Bank of Australia meeting showed the central bank considered increasing interest rates during the meeting. ....

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Alibaba sparks China AI price war with spate of steep discounts, ET Telecom

Alibaba: The tit-for-tat maneuvers mark the opening salvos of a price-based battle within AI, a field that’s attracting billions of dollars of investment from startups and internet leaders including Tencent Holdings Ltd. The flurry of investment has created scores of AI models and spawned many more consumer and enterprise products in turn, all fighting for the critical mass of users needed to speed AI development. ....

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Alibaba slashes prices of cloud services, Baidu follows suit, sparking AI price war

Alibaba slashes prices of cloud services, Baidu follows suit, sparking AI price war
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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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