From TradingView: 2024-07-09 09:18:48

Alibaba, Baidu, and other tech giants are engaged in a price war, cutting costs on AI models to compete with Chinese startups. Baichuan AI showcases its healthcare chatbot, claiming superiority over OpenAI. While government support boosts AI development, price competition intensifies. However, excessive cuts could harm the market in the long term. Alibaba and Baidu stocks struggle, but investors can access Alibaba through ETFs. Alibaba shares traded higher in premarket.



Read more at TradingView: What’s Going On With Chinese AI Stocks Alibaba, Baidu On Tuesday? — TradingView News