Chinese AI start-up Moonshot cuts LLM feature price amid fierce domestic competition

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Chinese AI start-up Moonshot cuts LLM feature price amid fierce domestic competition - SCMP

Quick Summary:

Chinese start-up Moonshot AI has halved the price of a new feature on its Kimi large language model, as small players compete with tech giants to monetise their products.

Context caching lets LLM developers store for a period of time certain information that might be frequently requested so their model responds faster to similar queries.

The feature could “significantly improve efficiency and lower costs”, Moonshot said when it launched public testing of the feature in July.