Alibaba Cloud has slashed prices of its core computing, storage, network, database, and big data products in international markets by as much as 59% amid surging AI demands, the company announced on Monday. The cuts come just one month after it offered similar discounts for users in China, as the cloud service provider attempts to lure customers to build large language models and applications based on its products. “We will continue to reduce cloud computing cost as the world is at a critical juncture in the transition from traditional computing to AI computing, where the vast majority of computing takes place on public cloud platforms,” said Yuan Qian, president of Alibaba Cloud’s smart international division. Alibaba chairman Joe Tsai revealed in a recent interview that the US’s curbs on advanced chips may still “hurt” the company’s cloud business and its ability to offer high-end computing services in the medium term. [Alibaba Cloud, in Chinese]
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