Alibyte starts a big model price war

On May 21st, Alibaba Cloud announced that the Tongyi Qianwen GPT-4 main model Qwen-Long, the API input price has dropped from 0.02 yuan/thousand tokens to 0.0005 yuan/thousand tokens, a direct decrease of 97%. This means that 1 yuan can buy 2 million tokens. This model supports up to 10 million tokens of long text input, which is about 1/400 of the price of GPT-4 after the price reduction.