![The race to lead China’s AI sector heats up as ByteDance, Alibaba and Baidu offer their models at rock-bottom prices](https://fortune.com/img-assets/wp-content/uploads/2024/05/GettyImages-2153019412-e1716366179101.jpg?w=2048)
The race to lead China’s AI sector heats up as ByteDance, Alibaba and Baidu offer their models at rock-bottom prices
FortuneChina’s AI providers are slashing prices after TikTok-owned ByteDance unveiled new AI models that it claimed cost 99% less than the competition.