Alibaba cuts prices on its visual language model Qwen-VL by up to 85%, after cutting Qwen prices by as much as 97% in May, amid growing AI competition in China (Ryan Browne/CNBC)

Ryan Browne / CNBC:
Alibaba cuts prices on its visual language model Qwen-VL by up to 85%, after cutting Qwen prices by as much as 97% in May, amid growing AI competition in China  —  Alibaba is cutting prices on its large language models by up to 85%, the Chinese tech giant announced Tuesday.