Tencent and iFlytek Cut LLM Game Prices in China, Raising Competition with ChatGPT-Like AI Models

Quick Summary:

What Happened: Tencent’s cloud unit announced that the “lite” version of its LLM, “Hunyuan,” is now free, with prices for more advanced versions slashed by 50% to 88%.

Hours earlier, iFlytek revealed that its “Spark” LLM is either free or up to five times cheaper than similar products from competitors, Reuters reported on Wednesday.

China’s leading internet company Tencent (OTC:TCEHY) and AI firm iFlytek have significantly reduced the prices of their large-language models (LLMs).

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Category: Technology

Markets: United StatesChina

Topics: General Stories That Matter News TCEHY IFLYTEK AI models Benzinga Tech Global Consumer Tech LLM Pooja Rajkumari

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-22 @ 14:41:43 (4 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

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News ID: 21059112

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