Today, in response to rumors that ByteDance might initiate a price war for large models, Douyin Vice President Li Liang issued a statement on social media, clearly stating that this is not a price war. Li Liang pointed out that the Doubao large model has reduced costs through technological innovation, with significant optimizations in algorithms, software engineering, and hardware solutions. He mentioned that the pricing of 0.3 yuan per 1,000 tokens not only has a considerable gross profit but also follows a transparent pricing strategy, which is not the traditional 'list price discount' model.

Today, ByteDance's Volcano Engine announced that the Doubao Large Model will release a video generation model on September 24, bringing upgrades to more capabilities in the model family. It is understood that the Doubao Large Model was officially launched at the Volcano Engine Original Power Conference on May 15, 2024.