-- A Chinese startup founded by computer scientist Kai-Fu Lee has become a unicorn in less than eight months on the strength of a new open-source artificial-intelligence model that outstrips Silicon Valley’s best, on at least certain metrics.The company, 01.AI, has reached a valuation of more than $1 billion after a funding round that included Alibaba Group Holding Ltd.’s cloud unit, Lee said in an interview.
San Francisco-based OpenAI set off a frenzy of interest in AI after it unveiled its ChatGPT chatbot last year. Alphabet Inc., Microsoft Corp. and Meta have poured billions into research and development, seeking leadership in the emergent field of generative AI and beyond. Elon Musk just unveiled a chatbot called Grok.In China, tech giants and entrepreneurs have also jumped into the field, with search leader Baidu Inc.
Lee, who worked at Google, Microsoft and Apple Inc. before moving into venture capital, has built a team of more than 100 people at 01.AI, drawing former colleagues from the US companies and Chinese nationals who have been working overseas. The group includes not just AI specialists, he said, but experienced business people who can help with everything from mergers and acquisitions to an initial public offering.
01.AI opted to build an open-source model because the vast majority of AI developers cannot afford or don’t need the largest, most expensive models. Open source AI systems are like open source software, where the source code can be modified and enhanced. Kinzinger said if Trump is reelected he would select an attorney general willing to disregard the Constitution. Trump clashed with both of his attorneys general, Jeff Sessions and William Barr.Elizabeth Hurley is never shy of a daring photo but the latest starring one of her best celebrity pals, Elton John, may be her most fabulous yet. See photo.
Meghan Markle and Prince Harry attended Katy Perry's final show of her Las Vegas residency, images shared to social media confirmed on SundayFormer President Obama’s senior adviser David Axelrod on Sunday suggested President Biden drop out of the 2024 presidential race in the wake of a new poll showing the incumbent trailing former President Trump.
Source: Tech Daily Report (techdailyreport.net)
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