In late March, Lee launched a company called 01.AI with the vision to develop a homegrown large language model for the Chinese market. The venture puts him in competition with other prominent Chinese tech leaders, including Sogou's founder Wang Xiaochuan, who have been swiftly gathering talent and venture capital to establish China's equivalents of OpenAI. 'I think necessity is the mother of innovation, and there's clearly a huge necessity in China,' Lee, who's 61 and leading 01.AI as CEO, told TechCrunch in an interview, explaining the motive behind starting the company. 'Unlike the rest of the world, China doesn't have access to OpenAI and Google because those two companies did not make their products available in China, so I think many doing LLM are trying to do their part in creating a solution for a market that really needs this.' 01.AI's growth is a fitting reflection of the rapid development in the generative AI field. Seven months after its founding, the startup has released...
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