China-U.S. AI Arms Race Heats Up as Chinese Startup Unveils Powerful New AI

- Chinese AI startup 01.AI, led by CEO Kai-Fu Lee, has released an open-source AI model called Yi-34B that outperforms Meta's own model, marking an early win for China in the AI arms race with the US.

- Lee believes that China has the potential to overtake the US as the world leader in AI technology.

- The model, available in English and Chinese, has gained attention for ranking first among pre-trained base LLMs on the open-source community Hugging Face's …

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