Alibaba 's cloud business on Thursday said it is cutting prices on a wide range of core cloud products by as much as 55%, in a bid to fuel AI growth in China.
The move aims to make "cloud capabilities more inclusive and accessible in the era of AI," Alibaba Cloud said.
"As the biggest cloud service provider in China and APAC, we see tremendous growth prospect of China's digital market," said Liu Weiguang, president of public cloud business at Alibaba Cloud Intelligence.
"One is using cloud to support generative AI initiatives.
With its massive calls on compute, storage, and networking, generative AI needs cloud to scale.
Persons:
Alibaba, Liu Weiguang, Liu, OpenAI
Organizations:
Alibaba, Holding, Smart, Alibaba Cloud Intelligence, McKinsey
Locations:
Chongqing, China