Leading AI researcher Kai-Fu Lee has said his startup 01.ai was trained using only $3 million. TikTok parent company ByteDance on Wednesday released an update to its model that claims to outperform OpenAI's o1 in a key benchmark test.
"Necessity is the mother of invention," said Perplexity CEO Aravind Srinivas. "Because they had to figure out work-arounds, they actually ended up building something a lot more efficient."