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Novo Nordisk shares dive 9% after heart medicine fails trial●What a Hedge Fund’s Implosion Says About the A.I. Trade●Bitcoin $60,000 put leads the pack as mood swings bearish for August●Citadel buys bulk of Situational Awareness stock portfolio after AI rout: Reports●The Oil Price Peak Is Still In The Future●KKR-backed Spectris acquires sensor business Sentech●More consumer companies are staying private for longer, avoiding the IPO road●Six Saudi Oil Tankers Reroute Around Africa to Dodge Houthi Threat●Novo Nordisk shares dive 9% after heart medicine fails trial●What a Hedge Fund’s Implosion Says About the A.I. Trade●Bitcoin $60,000 put leads the pack as mood swings bearish for August●Citadel buys bulk of Situational Awareness stock portfolio after AI rout: Reports●The Oil Price Peak Is Still In The Future●KKR-backed Spectris acquires sensor business Sentech●More consumer companies are staying private for longer, avoiding the IPO road●Six Saudi Oil Tankers Reroute Around Africa to Dodge Houthi Threat●

Asia

OpenAI blinks in face-off with Chinese rivals, drops pricing for some models up to 80%

Business - South China Morning Post · 1h ago · 🇨🇳 China

OpenAI blinks in face-off with Chinese rivals, drops pricing for some models up to 80%

In a bid to defend its market share against rapidly advancing, lower-cost Chinese rivals, US artificial intelligence firm OpenAI has launched an aggressive price war, slashing prices for its latest GPT-5.6 model line-up by up to 80 per cent. In a post on social media platform X on Thursday, OpenAI CEO Sam Altman announced an 80 per cent drop in developer pricing for its lightweight GPT-5.6 Luna model, bringing application programming interface (API) costs down to US$0.20 per million input tokens...

Read the full story at Business - South China Morning Post →

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