XVERSE

XVERSE is a Chinese AI company founded by 姚星 (Yao Xing), previously a Tencent Group Vice President who created Tencent AI Lab and Tencent Robotics X Lab . The company was initially positioned as a metaverse infrastructure and content provider — 5Y Capital described its mission as building "the operating system of the omniverse internet" when it backed the firm in 2021-2022 . In March 2022, XVERSE raised a $120 million funding round led by Sequoia China (红杉中国) . By late 2023, the company had pivoted toward large language models: Yao Xing announced that the team had developed multiple high-performance 7B and 13B models and released a 65B model for the research community, citing "tight R&D timelines and persistent compute shortages" as challenges . elsewhere's corpus does not cover developments after late 2023.