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Has a new China-based AI model beaten Silicon Valley’s LLMs?

Economic Times

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China-based AI startup 01.AI has achieved unicorn status with a valuation of $1 billion in less than eight months since its inception. The company has released its new large language model (LLM), Yi-34B, which outperforms Silicon Valley models on key metrics. Trained on 34 billion parameters, Yi-34B is an open-source model available to developers in Chinese and English. The model ranked first among pre-trained base LLMs, surpassing models from Meta and others. 01.AI aims to provide a superior alternative not only for the Chinese market but globally. The company plans to release more models in the future and expand its offerings to languages beyond Chinese and English.

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