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OpenAI's Chinese Cousins Alibaba, And ByteDance Are Slashing AI Costs And Defying US Chip Sanctions: Beijing's Strength Is To 'Build Fast, Build Reliably And Build Cheap' - Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

Summary by Benzinga
Amid the U.S. chip sanctions, Chinese artificial intelligence firms, including 01.ai, Alibaba Group Holding Ltd (NYSE:BABA), and ByteDance, are making strides in reducing AI costs. What Happened: Chinese AI companies, including startups like 01.ai and DeepSeek, and giants like Alibaba, Baidu Inc (NASDAQ:BIDU), and ByteDance, are driving down AI model costs. They are focusing on smaller data sets, hiring cheaper engineering talent, and optimizing…
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