- 01.AI, a Chinese AI startup, proactively secured Nvidia semiconductors to last 18 months before US export restrictions on chip sales to China.
- Founder and CEO Kai-Fu Lee expressed doubts about China’s ability to develop advanced semiconductor capabilities within 1.5 years amid ongoing US restrictions.
- Semiconductors, crucial for AI, smartphones, and military applications, are at the core of China’s semiconductor investment push amid geopolitical tensions.
- 01.AI introduced an open-source large language model, Yi-34B, outperforming competitors and plans to offer proprietary versions and applications for revenue.
- Anticipating significant revenue in the coming year, 01.AI follows a constant fundraising strategy, allocating a substantial portion for GPU purchases, integral for AI model development.