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ByteDance, Tencent Slash AI Model Prices Amid Fierce Competition
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ByteDance, Tencent Slash AI Model Prices Amid Fierce Competition

ByteDance and Tencent Holdings are cutting prices for their AI models, joining rivals like Xiaomi and Alibaba in a price war sparked by intense competition in China's AI market. ByteDance's Seedance 2.0 Mini is now half price, while Tencent reduced costs on its TokenHub platform. This follows similar moves by other major tech firms aiming to attract users amid a vibrant but crowded AI landscape.

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