At the Volcano Engine Force Power Conference on December 18, Tan Dai, president of Volcano Engine, released the Doubao visual understanding model. It is reported that the price of the Doubao visual understanding model has dropped to 0.003 yuan/thousand tokens, and 1 yuan can process 284 720P pictures, which is 85% lower than the industry average price. As a result, rumors of ByteDance's price war for large models have spread. Li Liang, vice president of Douyin, responded in a post: This is not a price war. Li Liang said that the Doubao large model reduces costs through technological innovation, and has made a lot of optimizations in algorithms, software engineering and hardware solutions. The pricing of 3 cents/thousand tokens also has considerable gross profit. And this is a one-step transparent price, not a "publication price + discount" game. We hope to promote the popularization and application development of AI technology at a lower cost, just as Tan Dai said: "A good model should be affordable for every company."