China's tech titans are giving away money and cars in ‘The Lunar New Year AI War' [CNBC]
TENCENT HLDGS UNSP/ADR (TCEHY)
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Source: CNBC
ByteDance, Baidu, Tencent and Alibaba are all trying to hook users as they roll out the latest models. ByteDance's Seedance 2.0 model is behind the viral Tom Cruise and Brad Pitt fight videos being shared online. In this article A dozen actors perform a traditional lion dance in front of Todtown shopping mall ahead of the Chinese Lunar New Year in Shanghai, China, on Feb. 13, 2026, during the opening of the Xinzhuang Lantern Festival. Ying Tang | Nurphoto | Getty Images The Year of the Horse kicks off this weekend, and China's artificial intelligence companies are splashing out the cash in what is being called “The Lunar New Year AI War.” To land prime placement for its Doubao AI model, TikTok owner ByteDance is handing out 100,000 prizes during the country's main holiday TV gala, including luxury cars. It is giving away money packets, too, with some an auspicious CNY8,888, about $1,280. Baidu Tencent and Alibaba are offering even bigger digital red envelopes, with some
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