Chinese startup 01.AI, launched in March 2023 by computer scientist Kai-Fu Lee, reaches a $1B+ valuation and releases its AI model Yi-34B in Chinese and English (Bloomberg)

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Bloomberg:

Chinese startup 01.AI, launched in March 2023 by computer scientist Kai-Fu Lee, reaches a $1B+ valuation and releases its AI model Yi-34B in Chinese and English  —  – 01.AI’s model outperforms Meta’s Llama 2 on certain metrics  — Startup to offer open-source model; proprietary options later



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