Alibaba's Qwen Chatbot Gets Major Update Amid AI Price Wars
Key Highlights Alibaba updates its Qwen chatbot to compete with OpenAI’s ChatGPT Qwen model pricing drops by almost half, with the lowest API rate now at $0.459 per million input tokens The move reflects broader industry trends of increasing competition and decreasing prices in the AI sector The AI landscape is rapidly evolving, with companies like Alibaba and OpenAI continuously updating their models to stay ahead of the competition. Alibaba’s latest move to revamp its Qwen chatbot is a significant development in this space. The updated app, available on major app stores, replaces the older Tongyi version and boasts the “most powerful official AI assistant for its models.” This move is a clear indication of Alibaba’s commitment to expanding the use of its Qwen models, which have been in development for the past two years. ...