Chinese tech giants trade cash for AI buzz

Tech giant Alibaba's AI app Qwen on Feb 2 said it would dish out 3bil yuan (RM1.71bil or US$430mil) to users in digital "red envelopes" – a form of traditional cash gifts – starting Feb 6, following similar campaigns by competitors Tencent and Baidu. — Reuters

BEIJING: Chinese tech giants are luring users with cash offers before their reported upcoming releases of competing AI models this month.

Chinese AI models are surging globally, favoured by some companies for their functionality and low cost, sparking fierce domestic competition.