During the opening ceremony of the 2024 Yunqi Conference held today, Wu Yongming, director and CEO of Alibaba Group, as well as chairman and CEO of Alibaba Cloud Intelligent Group, delivered a speech sharing profound insights on the development of Artificial Intelligence (AI). He revealed that over the past year, the call price for the Tongyi Qianwen API on Alibaba Cloud's Bai Lian has dramatically dropped by 97%, with the cost of calling one million tokens now as low as 0.5 yuan, and Alibaba Cloud will continue to strive to reduce costs.