This investment comes shortly after Meituan announced its acquisition of another AI company, Light Years Beyond, for $234 million. These investments are expected to enhance Meituan's AI capabilities and provide the AI firms with access to Meituan's user base of 450 million.
Key takeaways:
- Zhipu AI, a promising Chinese AI firm, has received funding from Meituan, a food delivery giant with a market cap of around $100 billion.
- Zhipu AI, which was founded in 2019 and spun out of Tsinghua University, has recently open-sourced its bilingual conversational AI model ChatGLM-6B and a more robust, general-purpose variant, the GLM-130B.
- Meituan's investment in Zhipu AI comes shortly after its acquisition of Light Years Beyond, another prominent AI player in China, for $234 million.
- The investments are expected to enhance Meituan's AI capabilities and provide the AI firms with potential access to Meituan's 450 million users.