A new generation of cost-efficient, high-performance Chinese AI is putting pressure on Silicon Valley’s leading labs to lower prices to grab market share as they try and find ways to turn a profit. Thirsty Beijingers have another option: free AI for customers at AGI Bar, which opened last summer as a hub for developers, founders and investors. New Chinese AI models big and small — from Moonshot AI’s Kimi K3 to Alibaba’s popular Qwen series — are grabbing attention as challengers to Anthropic and OpenAI’s lead. But it’s certainly a price competition to try and get more users on board,” Gold said. And Max Liu of LobeHub, another agent system, sees international AI price competition as “a good thing for the world as a whole”.