Kai-Fu Lee's 01.AI drops Yi-34B, beating Meta's LLaMA 2
Kai-Fu Lee’s new startup 01.AI just released Yi-34B, an open-source bilingual language model that surged to the top of Hugging Face's base LLM rankings ahead of Meta's LLaMA 2. The company recently hit a $1 billion valuation backed by Alibaba Cloud, with Lee noting they have stockpiled enough AI chips to last at least a year to fuel application development.