Posted 4/8/2024, 8:55:00 AM
Alibaba Slashes Cloud Service Prices by up to 59% to Draw More AI Developers
- Alibaba cutting prices on cloud services by up to 59% globally to attract more customers and AI developers
- Price cuts apply to computing, storage, network, database, and big data products - 500 specifications affected
- Third major price reduction by Alibaba in the past year as competition with rivals like Tencent heats up
- Alibaba aiming to stay ahead in fast-growing cloud business and risks setting off a price war
- Price cuts intended to get more developers building data-heavy AI models and apps on Alibaba cloud