China's AI Leaders Alibaba and SenseTime Showcase Breakthroughs at Shanghai Conference - Alibaba Gr Hldgs

　　Alibaba Clouds chief technology officer, Zhou Jingren, reported a 150% increase in customers using Alibaba Cloud Model Studio, reaching 230,000. Alibaba stock is trading lower on Monday.

　　Last week, Baidu launched its latest LLM, Ernie 4.0 Turbo, firing up price rivalry with Microsoft Corp MSFT OpenAIs GPT-4 model, Alibaba, and others.

　　Baidu priced Ernie 4.0 Turbo at 30 yuan ($4.13) per 1 million input tokens and 60 yuan per 1 million output tokens. The company also announced that earlier versions of Ernie will see up to 83% price reductions.

　　Price Actions: BABA shares were trading lower by 1.17% at $73.65 in the premarket session at the last check on Monday.