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BIDU Jul 2024 155.000 call
| Previous close | 0.2400 |
| Open | 0.1500 |
| Bid | 0.1100 |
| Ask | 0.3500 |
| Strike | 155.00 |
| Expiry date | 2024-07-19 |
| Day's range | 0.1500 - 0.1500 |
| Contract range | N/A |
| Volume | |
| Open interest | 66 |
BenzingaAlibaba Sparks AI Price War With Massive Discounts: Report
In a major move, Alibaba Group Holding Ltd (NYSE:BABA) slashed prices on its artificial intelligence services by up to 97%, prompting immediate reactions from competitors Baidu Inc (NASDAQ:BIDU) and ByteDance Ltd. This aggressive pricing strategy is expected to ignite a price war in China's emerging AI sector. Baidu responded soon with free services based on its Ernie AI models, shortly after Alibaba announced price cuts on nine products utilizing its Tongyi Qianwen technology. ByteDance had alr
BenzingaDespite US-China Tensions, Baidu Boosts Ties with Apple and Tesla For Major Role in AI and Autonomous Tech
Baidu Inc (NASDAQ:BIDU) is forming tighter connections with U.S. tech giants like Apple Inc (NASDAQ:AAPL) and Tesla Inc (NASDAQ:TSLA), leveraging China’s overseas data transfer restrictions to expand its focus beyond its traditional search business. Reports indicated that Apple has engaged in preliminary discussions to incorporate Baidu’s generative AI technology into its devices. CEO Tim Cook’s Shanghai store launch highlights Apple’s ambitions in the country despite geopolitical tensions. Baid
ReutersChinese tech giants slash prices of language models used to power AI chatbots
Chinese tech giants Alibaba and Baidu slashed prices on Tuesday of large-language models (LLMs) used to power generative artificial intelligence products, as a price war in the cloud computing sector heats up in China. Alibaba's cloud unit announced price cuts of up to 97% on a range of its Tongyi Qwen LLMs. It was quickly followed by Baidu, which hours later announced that its Ernie Speed and Ernie Lite models would be free for all business users.
