In an effort to boost the expansion of their cloud computing operations, Chinese IT companies are lowering the cost of their artificial intelligence (AI) models and increasing their wager on generative AI as they contend with rising competition from local telecom behemoths.
Owner of TikTok, ByteDance Ltd., revealed in May a price point for its large language model (LLM), Doubao, which was far less than the going rate in the Chinese business.
