The new artificial intelligence company founded by Kai-Fu Lee, former president of Google China and now CEO of Sinovation Ventures, is to develop products that go far beyond the Chinese version of ChatGPT and was officially unveiled on Monday.

Dubbed as 01.AI, the new startup said that it is committed to becoming an innovative enterprise that is driven by tech and embedded with excellent background in Chinese engineering. It aims to drive a breakthrough of large model in terms of technology, platform and application, and hopes to promote AI into the 2.0 era.

The company disclosed that it will focus on "self-developed models" and has already realized the internal test of a scale of 10 billion parameters within three months, and is expanding to 30 billion and then to 70 billion parameters.

A group of tech leaders, including former vice-president of Alibaba Group, former vice-president of Baidu Inc, former chief algorithm head of Didi Chuxing and Baidu, former vice-presidents of Microsoft, SAP and Cisco, as well as former Google China top executive, have joined the new team, it said.