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).

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: Technology

Markets: United StatesChina

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-22 @ 14:41:43 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 327 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21059112

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 2 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 13 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions