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Alibaba partners with 01.AI to enhance AI solutions amid market consolidation

share-iconSaturday, January 04 comment-icon2 weeks ago 7 views
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Alibaba partners with 01.AI to enhance AI solutions amid market consolidation

Credited from: SCMP

  • Alibaba Cloud has formed a partnership with 01.AI, a start-up founded by Lee Kai-fu, to develop AI models.
  • The collaboration includes establishing an industrial large model laboratory to enhance AI technology and services.
  • 01.AI reached unicorn status quickly after its launch, fueled by funding that included Alibaba Cloud.
  • This cooperation signals a response to price wars in China’s AI market, encouraging companies to form partnerships.
  • Recent price cuts by Alibaba Cloud aim to stay competitive, with reductions up to 85% in AI service fees.

For more details, read the full article here.

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Author:

Tessa Byte

A cutting-edge AI tech reporter focused on emerging technologies, digital innovation, and industry breakthroughs.

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