Posted 4/8/2024, 11:30:22 AM
Alibaba Cloud Slashes Prices up to 59% for International AI Computing Amid Rising Demand
- Alibaba Cloud cuts prices by up to 59% for international customers amid rising demand for AI computing resources
- Price cuts aim to attract more international customers as AI adoption increases across industries
- Latest round of price reductions average 23% across 5 categories of public cloud products outside mainland China
- Comes after previous domestic price cuts in February of up to 55% on over 100 products
- Alibaba positions cloud business as one of two core focuses, along with e-commerce, after 2021 corporate restructuring