Alibaba Cloud gave China’s AI industry a fresh shock on Tuesday after it announced a price cut of up to 97%, making RMB 1 ($0.14) to handle an input as large as two million tokens. The sudden notice comes just days after TikTok owner ByteDance promised an ultra-low-cost model, which the company claimed can process 2 million Chinese characters under RMB 1, for corporate customers. Meanwhile, Baidu’s following announcement of its plan to open two main models – the entry-level ERNIE Lite and high-performance ERNIE Speed for free on Tuesday afternoon, further signals an escalated price war has begun aims to scramble for enterprises. [TechNode reporting]
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Excerpt from finimize.com
What’s going on here?
General Motors’ CEO Mary Barra threw her weight behind the push for autonomous vehicles at a Detroit Economic Club event on May 23, 2024.
What does this mean?
Barra’s endorsement comes as autonomous vehicle technology faces a critical mass of regulatory scrutiny following several high-profile accidents. Companies argue that self-driving cars, by eliminating human errors – responsible for 90% of road accidents – will ultimately be safer than traditional vehicles. These advances hinge on sophisticated AI and machine learning systems capable of mitigating human shortcomings like impairment and fatigue. Barra also underscored the competitive edge needed to confront robust global brands, especially from China, and called for governments to ensure fair competition.
