“One Everything” financial lights red, Kai-Fu Lee slams on the brakes

Article source: Intelligence emerges

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On January 6, 2025, a rumor that “01 Everything broke up and the pre-training team was sold to Ali” began to appear on social media. Immediately, Kai-Fu Lee, founder and CEO of Everything One, refuted the rumor:

"One Everything" financial lights red, Kai-Fu Lee slams on the brakes

△ Kai-Fu Lee’s response in the circle of friends.

As of press time, the official website of One and One Things also responded to the rumors:

"One Everything" financial lights red, Kai-Fu Lee slams on the brakes

△ The official response of all things.

Information we obtained: Alibaba offered an offer, but it was not an acquisition

“Intelligent Emergence” has exclusively learned that since December 2024, the pre-training team and the Infra team of the large model unicorn “One and Everything” have indeed undergone a lot of changes:

·In mid-December 2024, Everything abolished the entire pre-trained algorithm team and the Infra team, including the Silicon Valley team.

·At the end of December 2024, the pre-training algorithm team of Zero One Everything received the offer from Tongyi Team, and the Infra team received the offer from Alibaba Cloud; currently, Ali’s acquisition of the Zero One Everything team is in the form of providing jobs rather than an acquisition.

Another person familiar with the matter told “Intelligent Emergence” that in early January 2025, Kai-Fu Lee mentioned at an internal meeting thatEverything is short of funds, and the funds invested in pre-training are relatively large. The company plans to transform and apply them.

An employee of Zero One told “Intelligent Emergence” that in mid-December, the team first received a layoff notice. Ali’s offer took about a week to get it. Currently, it is only a verbal offer, and the specific terms have not yet been negotiated.”Tongyi and Alibaba Cloud have arranged some leaders and conducted one-on-one communication with members of the Zero One team.”

According to “Intelligent Emergence”, everything has also made corresponding adjustments to the strategy of AI applications:

In addition to PopAi, an overseas application with good revenue and growth performance, which can be responsible for its own profits and losses, some of its applications have been split into teams and raised external funds in the form of subsidiaries.

Business lights up, 01 actively saves itself

In the eyes of employees, the poor financing and the departure of joint venture companies have become the triggers for the frequent adjustment of strategies and the abolition of pre-training and Infra teams.

Since December 2024, a new round of financing for AI companies such as Smart Spectrum and Step Star has gradually been put in place. However, since receiving financing from an international war investment and Southeast Asian consortium in mid-2024, many people familiar with the matter told “Intelligent Emergence” that the financing progress of everything and some local governments and state-owned assets has not been smooth.”The money on the account will last less than a year.”

Since August 2024, several co-creators of All Things-Li Xiangang, Huang Wenhao, Cao Dapeng, and Pan Xin have also left one after another. A person familiar with the matter revealed that only Ma Jie, who was responsible for the AI game business spun out of Zero One, and Gu Xuemei, who was mainly responsible for model commercialization, were left in the original joint venture.

Everything is also trying to save itself through strategic adjustments. In 2023, the focus of everything will still be model APIs. Starting from 2024, the company will first make efforts to make several C-side applications, and then begin to shift its focus to making B-side AI marketing solutions.

Self-help still gives everything the money to survive. As Kai-fu Lee said in his anti-rumor article: “In 2024, the confirmed revenue of everything will exceed 100 million yuan (more orders), and will increase several times in 2025.”

Until November 2024, many employees in everything still believed that the company had transitioned to a stable period of operation.

On October 16, 2024, One Everything just released a new pre-training model Yi-Lightning. An employee told Smart Emergence that Lightning performed well, whether it was external lists or internal reviews.

At that time, Kai-Fu Lee also issued a military order at the press conference: Everything will never give up pre-training. (See below for extended reading)

At least two of the “Six Tigers” models are about to give up the big model| Intelligent analysis

The above-mentioned employees told Intelligent Emergence thatAccording to the original plan, after the release of Yi-Lightning, Zero Everything plans to pre-train a brand new model by the end of 2024.Today, pre-training and Infra team employees are almost suspended, waiting for Last Day’s notice.

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