Tiktok Owner Bytedance Launches Low-cost Doubao Ai Models In Crowded Market

ByteDance, the owner of TikTok, has launched a new batch of large language models called Doubao LLMs, which are significantly cheaper than those offered by industry rivals. This move could spark a price war in China’s AI market, where more companies are adopting generative AI tools. The Doubao LLM family includes eight versions, with the top-of-the-line Doubao Pro costing 99.8% less than OpenAI’s GPT-4 model. This aggressive pricing strategy highlights the increasing opportunities in China’s AI market.