LLM Startup Unveils Open Source Model Valued at $1B

Kai-Fu_Lee, the computer scientist known in the West for his bestseller AI Superpowers and in China for his bets on artificial intelligence unicorns, has a new venture. Lee launched a company called 01.AI with the vision to develop a homegrown large language model for the Chinese market. T He says, unlike the rest of the world, China doesn’t have access to OpenAI and Google because those two companies did not make their products available in China, so the need for LLM is trying to do its part in creating a solution for a market that really needs this.” 01. AI’s growth is a fitting reflection of the rapid development in the generative AI field. Seven months after its founding, the startup has released its first model, the open-source Yi-34B.