What do you think of ByteDance's unveiled foundational models? The previously known “Lark” models are now unified under the “Doubao Model Family” name. In terms of performance, Doubao models are impressive, according to data shared at the conference. Currently, these models process an average of 120 billion tokens of text and generate 30 million images daily. Volcano Engine, ByteDance’s cloud computing business, also announced a groundbreaking pricing strategy, setting the cost at 0.0008 yuan per thousand tokens. This is significantly lower than competitors, such as OpenAI’s GPT-4o, which charges approximately 0.035 yuan per thousand tokens for input and 0.1 yuan per thousand tokens for output. https://www.scmp.com/tech.. #Artificial Intelligence