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

Alibaba, Baidu, and other Chinese AI stocks engage in price war slashing prices to compete with domestic startups. Baichuan AI showcases healthcare chatbot, Baichuan4, claiming superiority over OpenAI’s GPT-4. Market competition tough as giants offer significantly lower prices. Government supports AI development with approved models and investment funds. Alibaba and Baidu stock prices drop while startups struggle with pricing challenges. Investors can explore exposure to Alibaba stock through AVEM and AIQ ETFs. Zhang Peng cautions against unsustainable price cuts while Wang Xiaochuan sees it as a positive push for AI adoption.



Read more at Benzinga: What’s Going On With Chinese AI Stocks Alibaba, Baidu On Tuesday? – Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)