China’s AI developers engage in fierce competition over pricing



In China, a fierce‍ competition ⁣over prices ‍has erupted among AI model developers. The market is flooded with numerous companies offering similar ⁤products, leading to‍ a decrease in prices across various ⁤sectors such as‍ electric vehicles,​ bike-sharing, and bubble tea. The newest⁤ battleground for price wars is the realm of artificial intelligence chatbots. Surprisingly, China, which once lacked advanced language models, is now witnessing a surge in AI chatbot offerings ​that rival​ those of American counterparts. Experts previously ‌believed‌ that Chinese language models lagged⁤ a decade ‍behind ‍the cutting-edge technology in the United States, but the landscape has rapidly evolved.

PRICE ​WARS are ten‌ a penny in China. The⁣ emergence of hundreds of⁣ lookalike companies seemingly overnight‍ is pushing down retail ‌prices⁢ of everything from electric vehicles to bike-sharing and bubble tea. ⁢The latest products to ‌enter the ruinous fray are artificial-intelligence ​(AI) chatbots. This may seem surprising. Until recently China’s problem was not a surfeit⁢ of large language models (LLMs), the‌ sort ​that makes⁣ ChatGPT a‍ humanlike content-creator, but their dearth. At the‌ start of ‍2023 experts‍ reckoned that the Chinese ‌LLMs that did exist ⁣were a⁤ decade⁣ behind the American cutting edge.

2024-06-13 08:53:55
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