Alibaba Cloud gave China’s AI trade a unutilized trauma on Tuesday nearest it introduced a value snip of as much as 97%, making RMB 1 ($0.14) to care for an enter as massive as two million tokens. The unexpected understand comes simply days nearest TikTok proprietor ByteDance promised an ultra-low-cost type, which the corporate claimed can procedure 2 million Chinese language characters below RMB 1, for company consumers. In the meantime, Baidu’s following announcement of its plan to perceivable two primary fashions – the entry-level ERNIE Lite and high-performance ERNIE Pace for isolated on Tuesday afternoon, additional indicators an escalated price cutting war has begun goals to scramble for enterprises. [TechNode reporting]