Meituan buys founder’s months-old ‘OpenAI for China’ for $234M

TechCrunch
By Rita LiaoJun 29, 2023, 12:37 pm138 ptsTrending
One of China’s most highly anticipated artificial intelligence startups is undergoing a significant change of direction. Light Year, which was founded merely four months ago by Wang Huiwen, a co-founder of Meituan, with the ambition of becoming the “OpenAI for China”, is getting bought out. In a filing…

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