(Bloomberg) -- China’s internet search leader launched the latest iteration of its large language model, Ernie 4.0 Turbo, to enterprise clients, Baidu Vice President Xie Guangjun says during an event in Shanghai Friday.

• Ernie 4.0 Turbo costs 30 yuan ($4.13) per 1M input tokens and 60 yuan per 1M output tokens: Xie
• Earlier Ernie models will cut their pricing by as much as 83%, co. says in a press release
• Ernie’s average daily usage went up 150% sequentially in the second quarter: release
• NOTE: China’s big tech firms and LLM startups are offering free credits or steep discounts for developers using their AI models in a fierce land-grab
• NOTE: OpenAI’s most advanced model, GPT-4o, costs $5 per 1M input tokens and $15 per 1M output tokens

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