Alibaba Slashes Prices for Cloud Products To International Customers in AI Push

Key TakeawaysAlibaba on Monday slashed prices for international cloud customers as it tries to take advantage of artificial intelligence (AI) product demand.The cuts will average about 23%, although some could be as much as up to 59%.Alibaba explained that the move was part of its "AI first strategy." Chinese conglomerate Alibaba Group Holdings' (BABA) cloud division on Monday announced big price cuts for its international customers as it tries to increase its reach into artificial intelligence (AI).  Aliba ...