Alibaba Cloud to Cut Prices to Attract AI Developers

Alibaba Cloud to Cut Prices to Attract AI Developers

China’s Alibaba Cloud has just announced a groundbreaking move that is sure to shake up the AI industry. The cloud service provider has revealed plans to slash prices on some of its products by up to 55 percent, marking its most significant price cut to date. This move is aimed at attracting AI software developers and staying ahead in the fiercely competitive market.

Alibaba Cloud, the cloud arm of Chinese e-commerce giant Alibaba Group Holding, has previously reduced prices by as much as 50 percent in April last year. Now, they are taking another bold step by lowering prices on over 100 products by an average of 20 percent. The goal is to persuade developers to build data-intensive AI models and applications using their cloud services.

This move comes as rivals such as Tencent Holdings and Huawei Technologies have also cut their cloud prices in response to Alibaba’s moves. These competitors have been aggressively offering promotions to entice tech firms to develop AI within their ecosystems. However, Alibaba remains determined to stay ahead in the race and build the market’s most open cloud.

“We decided to launch the price reduction campaign to lower the threshold of cloud services for more enterprises and developers,” explained Alibaba Cloud executive Liu Weiguang at a conference in Beijing on Thursday. By making cloud services more affordable, Alibaba hopes to attract a wider range of clients and encourage more companies to harness the power of AI.

Alibaba Cloud was one of the first players in China’s cloud computing market, and it currently serves approximately one-third of the local market. However, with increasing competition, the company needs to continually innovate and adapt to stay ahead.

This bold price cut is a testament to Alibaba Cloud’s commitment to staying at the cutting edge of the industry. By offering more affordable cloud services, the company aims to remove barriers for developers and companies looking to leverage AI technologies.

Alibaba’s move aligns with its broader strategy of expanding its AI capabilities and solidifying its position as a leader in the tech industry. As the demand for AI continues to grow, Alibaba Cloud wants to be the go-to provider for developers and enterprises looking to harness the power of AI.

This price reduction campaign is expected to drive further growth for Alibaba Cloud and solidify its position as a dominant player in China’s cloud computing market. With its commitment to innovation and its determination to support developers, Alibaba Cloud is poised to revolutionize the AI landscape. As the company continues to invest in cutting-edge technologies, we can expect to see even more groundbreaking developments from Alibaba in the future.


Written By

Jiri Bílek

In the vast realm of AI and U.N. directives, Jiri crafts tales that bridge tech divides. With every word, he champions a world where machines serve all, harmoniously.