Alibaba Cloud, the cloud service provider arm of Alibaba Group Holding, has announced a significant reduction in the prices of products that are powered by its offshore data centers in a bid to attract more artificial intelligence software developers. The company revealed that the price cuts are up to 59% and will apply to products related to computing, storage, network, database, and big data, with an average reduction of 23%. This move comes as the competition in the AI industry continues to intensify, with several companies jostling for a position in the market.
It is worth noting that this is the third time that Alibaba Cloud has cut prices over the past year. The company had previously announced a similar program aimed at Chinese users in February. The latest price cuts are part of a broader strategy by the company to lure developers to create data-intensive AI models and applications using its cloud services.
Alibaba Cloud is among the market leaders in the cloud computing industry, and the company is keen on cementing its position in the AI market. By offering lower prices, the company expects to attract more developers to its platform, which will result in increased usage of its cloud services.
The company’s latest move is expected to be well-received by developers who are always on the lookout for cost-effective cloud computing solutions that can help them create cutting-edge AI applications. This price reduction will not only benefit existing developers but will also encourage new developers to join the platform and explore the limitless possibilities of AI in the cloud.
