Beijing-based AI startup 01.AI is raising up to $200 million in fresh capital, two sources familiar with the matter said, building on a valuation of $1 billion reached last month on the back of surging global interest in open-source AI models.
It is one of several Chinese startups that opened, or plan to open, to public use their large language models (LLM), alongside larger firms Meta and Alibaba in a scramble to gain users and catch up with market leader OpenAI.
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