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Chinese tech giants Alibaba and Baidu have reduced the prices of their large-language models (LLMs) in response to a price war in the cloud computing sector in China. This move will make it more affordable for companies and developers to use LLMs for their AI products. The competition in the cloud computing sector has intensified, with companies using AI chatbot services to boost sales. This has led to a surge in investment in large language models, but the price competition may also affect profit margins for these companies.
