Hong Kong s Vinda International
said on Friday Indonesian billionaire Sukanto
Tanoto-owned Royal Golden Eagle has made an offer to
acquire the tissue and diaper maker for up to HK$26.13 billion
. .
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.
Chinese AI startup 01 AI looks to raise $200mln -sources zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
BEIJING/HONG KONG (Reuters) -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. On
Chinese AI Startup: 01.AI drew recognition in the open-source LLM community in November, when its Yi-34B model became the first Chinese LLM to top the leaderboard of Huggingface, a platform for tech firms to share LLMs, which then get rated for performance and popularity.