TECH - What's Going On With Chinese AI Stocks Alibaba Baidu On Tuesday? | Benzinga
Alibaba Group Holding (NYSE:BABA), Baidu Inc (NASDAQ:BIDU), and other peers are amid a price war as they slash the prices of their latest AI models to compete with China’s domestic AI startups.
As Chinese artificial intelligence startups, like Baichuan AI, race to secure customers, they face intense competition from tech giants offering significantly lower prices.
At a recent exhibition in Shanghai, Baichuan AI showcased its advanced healthcare chatbot powered by its latest large language model, Baichuan4.
The startup claims that Baichuan4 outperforms OpenAI’s GPT-4 in certain areas, Nikkei Asia reports.