China's AI Startup 01.AI Rivalizes Meta's Llama 2, Alibaba Launches Upgraded AI Models

Chinese AI startup 01.AI, founded by Kai-Fu Lee, has reached unicorn status with its open-source AI model Yi-34B, rivaling Meta's Llama 2. Alibaba's fintech affiliate Ant Group has received approval to roll out products powered by its large language model Bailing, while Alibaba has launched an upgraded AI model called Tongyi Qianwen 2.0 to challenge Microsoft and Amazon. China is increasing its lead over the US in AI patent filings, with Chinese institutions filing 29,853 AI-related patents in 2022, compared to the US with 5,500.