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Lee Kai-fu Rejects Claims of 01.AI Selling Assets to Alibaba Cloud

share-iconTuesday, January 07 comment-icon2 weeks ago 6 views
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Lee Kai-fu Rejects Claims of 01.AI Selling Assets to Alibaba Cloud

Credited from: SCMP

  • Lee Kai-fu, founder of the AI start-up 01.AI, has publicly dismissed rumors regarding the company's asset sale to Alibaba Cloud.
  • The start-up refuted claims of selling its pre-training team, labeling them as “vicious slander.”
  • Despite operational challenges, 01.AI reported revenues exceeding 100 million yuan in 2024, with expectations for further growth.
  • Recent collaboration between Alibaba Cloud and 01.AI involves establishing a laboratory to explore new AI models.
  • The tech landscape is intensifying, with China home to numerous unicorns and fierce competition in the generative AI sector.

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Gloria Terra

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