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

Benzinga LogoBenzinga3w ago

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

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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Article Details

Category: Technology

Markets:

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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

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Official Website: benzinga.com

Update Frequency: 2 posts per day

Year Established: 2010

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News Last Updated: 13 hours ago

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Publisher ID: #53

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