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Alibaba Cloud is slashing prices in China to help fuel AI push

Techradar

Techradar · 1y ago

Alibaba Cloud is slashing prices in China to help fuel AI push

Alibaba has reduced prices for its core cloud products in China, with cuts of up to 55%, as part of its efforts to promote artificial intelligence (AI) and make cloud services more accessible. The move comes amidst rising interest in AI and increased investments in the technology globally. Alibaba Cloud aims to support the Chinese digital market and enable more small and medium-sized enterprises and developers to leverage its services. While Alibaba has a high market share in China, it trails behind Amazon, Microsoft, and Google in global cloud spending.

Related News

Alibaba Cloud announces price cut on products powered by offshore data centers

Economic Times

Economic Times · 1y ago

Alibaba Cloud announces price cut on products powered by offshore data centers

Alibaba Cloud, the cloud service provider of Alibaba Group Holding, has announced a significant reduction in prices for products powered by its offshore data centers. The price cuts, aimed at attracting AI software developers, are as much as 59% and will apply to various products including computing, storage, network, database, and big data. This move signifies Alibaba's ongoing efforts to appeal to developers interested in building data-intensive AI models and applications using its cloud services.

China's Alibaba Cloud rolls out price cuts of up to 55% on cloud products

Economic Times

Economic Times · 1y ago

China's Alibaba Cloud rolls out price cuts of up to 55% on cloud products

Alibaba Cloud, the cloud computing arm of Chinese e-commerce giant Alibaba, has announced a second large-scale price adjustment, reducing the prices of its cloud service products by an average of 20%. The price discount will go up to 55% for over 100 core cloud products and will be implemented immediately. This move aims to remain competitive in the cloud computing market and attract more customers.

Alibaba Scraps Cloud Unit Spinoff, Citing Washington’s Chip Curbs

Livemint

Livemint · 1y ago

Alibaba Scraps Cloud Unit Spinoff, Citing Washington’s Chip Curbs

Alibaba has abandoned its plans to spin off and list its cloud computing division due to the impact of Washington's export controls on high-performance chips to China. The restrictions have the potential to significantly hinder the cloud business's ability to offer products and services and fulfill existing contracts. Additionally, Alibaba has put the initial public offering of its grocery arm, Freshippo, on hold due to weak market conditions. Falling stock prices, China's economic struggles, and geopolitical tensions have deterred foreign investors from Chinese IPOs. The US chip curbs are a result of concerns about advanced chips being used for cyber warfare, espionage, and military development, but they also play a crucial role in training AI models and operating data centers. Tencent Holdings has also expressed concerns that the restrictions will affect its business leasing AI chips through cloud services. The US sanctions are prompting Chinese tech companies to accelerate their research and develop cutting-edge AI without relying on American chips.

Alibaba and Baidu slash AI model prices amid cloud computing price war

Livemint

Livemint · 1y ago

Alibaba and Baidu slash AI model prices amid cloud computing price war

Alibaba and Baidu, two major Chinese tech companies, have lowered their prices for large-language models (LLMs), intensifying competition in China's cloud computing market. Alibaba's cloud division has cut prices by up to 97% for its Tongyi Qwen LLMs, while Baidu has made its Ernie Speed and Ernie Lite models free for all business users. The price war in the cloud computing sector, driven by the success of AI chatbot services, could impact profit margins for these companies. Bytedance also recently announced significant price reductions for its Doubao LLMs.

Chinese AI firms woo OpenAI users as US company plans API restrictions

Economic Times

Economic Times · 1y ago

Chinese AI firms woo OpenAI users as US company plans API restrictions

Chinese AI companies are responding to reports that OpenAI plans to restrict access to its technology in China and other countries. OpenAI's decision to block access to its technology for entities in China has led to Chinese startups looking for alternatives. In response, Baidu, Alibaba Cloud, and Zhipu AI have announced programs offering free migration services and tokens to OpenAI API users. Chinese companies have been actively developing their own AI models and chatbots to compensate for the potential limitations imposed by OpenAI.

China is building the future of AI, not Silicon Valley, says Alibaba Cloud founder - The Economic Times

Economic Times

Economic Times · 27d ago

China is building the future of AI, not Silicon Valley, says Alibaba Cloud founder - The Economic Times

Wang Jian, Alibaba Cloud founder, emphasized that China, not Silicon Valley, is leading AI development due to innovative foundational models like Qwen and DeepSeek. He highlighted the need for the right talent over expensive hires and criticized the talent poaching culture in Silicon Valley. Wang advocated for focusing on innovation rather than patents and underscored China's role as a testbed for new technologies, positioning it advantageously in AI advancement.

Billionaire investor Ryan Cohen boosts stake in Alibaba to $1 billion: report

Economic Times

Economic Times · 6m ago

Billionaire investor Ryan Cohen boosts stake in Alibaba to $1 billion: report

Billionaire investor Ryan Cohen has increased his stake in Alibaba Group to approximately $1 billion, equating to about 7 million shares. Cohen had initially invested several hundred million dollars earlier in 2023, urging Alibaba to enhance share buybacks. Recently, Chinese tech stocks, including Alibaba, have surged due to developments like the rise of AI startup DeepSeek and positive signals from President Xi Jinping. Alibaba is set to invest further in e-commerce and AI-driven cloud computing, reporting strong quarterly earnings.

Nvidia’s AI chips are cheaper to rent in China than US

Arstechnica

Arstechnica · 11m ago

Nvidia’s AI chips are cheaper to rent in China than US

China's cloud providers charge lower prices for renting cloud services with Nvidia's AI chips compared to the US, indicating that these processors are readily available in the Chinese market despite US export restrictions. Four Chinese cloud vendors charge around $6 per hour for servers equipped with eight Nvidia A100 processors, while similar setups from small US vendors cost approximately $10 per hour. The availability of Nvidia chips in China and the circumvention of US restrictions contribute to the lower prices. Larger Chinese cloud operators charge higher prices, but smaller vendors are able to offer competitive rates due to compliance challenges faced by the larger players.

Alibaba's Group CEO Daniel Zhang To Step Down From Its Cloud Business

OutlookIndia

OutlookIndia · 1y ago

Alibaba's Group CEO Daniel Zhang To Step Down From Its Cloud Business

Daniel Zhang, former CEO and chairman of Alibaba Group, will step down from leading the company's cloud business after taking over the role just two months ago. Eddie Wu, Alibaba Group CEO, will assume control of the cloud business. This move is part of Alibaba's restructuring process, which involves spinning off units and giving each its own CEO and board. Alibaba plans to complete the public offering of its cloud business within 12 months and will continue with the spin-off under a different management team.

How ‘China toys’ are changing the rules of AI game

Economic Times

Economic Times · 6m ago

How ‘China toys’ are changing the rules of AI game

China is rapidly advancing in the AI sector, releasing new models like Kimi AI and OmniHuman-1, which outperform global counterparts. Despite U.S. chip supply bans, China ranks second in AI model production, with key contributions from tech giants like Alibaba and Tencent. This surge mirrors China’s smartphone industry disruption, but geopolitical issues may limit their global impact. India, among other nations, is cautious due to security concerns, but holds potential to develop its own AI models.

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