This is their hosted-only model, not an open weight model like they’ve become known for. They got a lot of good publicity for their open weight model releases, which was the goal. The hard part is pivoting from an open weight provider to being considered as a competitor to Claude and ChatGPT. Initial reactions are mostly anger from everyone who didn’t realize that the play along was to give away the smaller models as…
Chinese models are very competitive in that regard, you'll often look at 70-90% price reduction at the same quality.