Chinese tech giants rally after hiking AI prices

Chinese tech giants rally after hiking AI prices

Tech companies want to show that AI can make money, and raising the price of what you sell things for is among the most basic ways to make more money.

Baidu in China Plans Up to 30% Price Hike for AI Computing & Services

Starting next month, the company announced that prices for its AI computing products and services will increase by between 5% and 30%. This adjustment aims to ensure the platform’s long-term stability and maintain high-quality service delivery. The new pricing structure will go into effect on April 18, with parallel file storage costs also expected to rise by approximately 30%, the company revealed yesterday. On the same day, another major cloud…