Chinese AI Startup 01. AI Seeks $200 Million in Funding
Beijing-based expert system (AI) start-up 01. AI is raising $200 million in a brand-new financing round. This begins the heels of the business striking a $1 billion appraisal last month thanks to rising international interest in open-source expert system designs.
01. AI is among numerous Chinese start-ups that prepare to open their big language designs to public usage. It is following comparable relocations by bigger companies Meta and Alibaba, rushing to get users and overtake market leader OpenAI.
Quick Growth for 01. AI
A source exposed that 01. AI, formally released in July by Lee Kai-fu after a three-month incubation duration, reached a $1 billion appraisal in early November. The most recent Reuters report revealed the business is now looking for extra financial investments from U.S. ...