TikTok parent ByteDance intensifies China AI rivalry with 85% price cut for visual model

Quick Summary:

ByteDance’s ultra-low pricing underscores growing rivalry in the Chinese market, where Big Tech firms and start-ups have locked horns in a brutal price war.

Alibaba owns the South China Morning Post.

Tokens are the standard billing units for using AI models through an application programming interface (API).

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Article Details

Author / Journalist: Ben Jiang

Category: Technology

Markets: Hong KongChina

Topics: Price Model Market Event Bytedance’s Bytedance Doubao Yuan Chinese Unit Cloud

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 08:30:07 (3 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 241 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 31 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 24592811

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About SCMP

Main Topics: Technology

Official Website: scmp.com

Update Frequency: 2 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 18 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #41

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