China’s mysterious AI company Naive AI is valued at over $1.4 billion and could release its first open-source llm model as early as this month.

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According to people familiar with the matter, Naive AI, an AI startup founded in February this year by Tsinghua University professor Dai Jifeng, has completed three funding rounds totaling $400 million, bringing its valuation to more than $1.4 billion and earning it unicorn status. Its investors include Tencent, IDG Capital, Matrix Partners China, and Sequoia China. It is understood that Naive AI raised $100 million in its first funding round, $180 million in its second, and $120 million in its