Kai-Fu Lee stopped building AI models and started selling enterprise data infrastructure. Now 01.ai is heading for a Hong Kong IPO.

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https://thenextweb.com/news/01ai-kai-fu-lee-hong-kong-ipo-2027-palantir-china

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Kai-Fu Lee stopped building AI models and started selling enterprise data infrastructure. Now 01.ai is heading for a Hong Kong IPO.

Lee conceded the model race after DeepSeek. 01.ai now fine-tunes open-weight models and wraps them in data software for enterprises. Half of its business is outside China.

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Kai-Fu Lee stopped building AI models and started selling enterprise data infrastructure. Now 01.ai is heading for a Hong Kong IPO.