{"id":1960032,"date":"2023-06-29T07:38:02","date_gmt":"2023-06-29T11:38:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinas-meituan-to-buy-artificial-intelligence-firm-light-year-from-co-founder\/"},"modified":"2023-06-29T07:39:32","modified_gmt":"2023-06-29T11:39:32","slug":"chinas-meituan-to-buy-artificial-intelligence-firm-light-year-from-co-founder","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinas-meituan-to-buy-artificial-intelligence-firm-light-year-from-co-founder\/","title":{"rendered":"China&#8217;s Meituan acquires AI firm Light Year from its co-founder."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchinas-meituan-to-buy-artificial-intelligence-firm-light-year-from-co-founder%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1960032&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>(Reuters) &#8211; Chinese food delivery giant Meituan is making a groundbreaking move by <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-antitrust-regulator-plans-to-target-amazons-online-marketplace-bloomberg-news\/\" title=\"US antitrust regulator to focus on Amazon's online marketplace - Bloomberg\">acquiring artificial intelligence<\/a> (AI) company Light Year. This strategic acquisition, worth $233.7 million in cash and 366.9 million yuan ($50.66 million) in debt, will pave the way for Meituan to develop its own generative AI.<\/p>\n<p>The acquisition comes at a time when AI has captured the attention of investors worldwide. Businesses are rushing to invest in or acquire AI companies to develop technologies like ChatGPT. Meituan&#8217;s acquisition of Light Year will not only strengthen its position in the AI landscape of China but also enhance its capabilities in the field of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/heres-how-elon-musk-will-avoid-terminator-scenario-with-his-new-humanoid-robots\/\" title=\"Here\u2019s How Elon Musk Will Avoid \u2018Terminator Scenario\u2019 With His New Humanoid Robots\">artificial general intelligence<\/a>.<\/p>\n<p>Light Year AI, founded and controlled by Wang Huiwen, co-founder and former director of Meituan, specializes in the research and development of large language models. After the completion of the deal, Meituan will have full control over Light Year.<\/p>\n<p>With online advertising giant Tencent holding an 18.7% stake in Meituan, this acquisition marks a significant milestone for the company.<\/p>\n<p>(Reporting by John Biju in Bengaluru; Editing by Shailesh Kuber)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/chinas-meituan-to-buy\/attachment\/file-photo-2022-world-robot-conference-in-beijing\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>National Political Correspondent Neil W. McCabe had an exclusive interview with Jason Cole, the CEO of Arsenal Media Group, a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinas-meituan-to-buy-artificial-intelligence-firm-light-year-from-co-founder\/\" title=\"China's Meituan acquires AI firm Light Year from its co-founder.\">prominent conservative political consultant<\/a>. Cole shared his insights on the upcoming 2024 congressional elections and revealed the Top 10 most vulnerable House Democrats.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Prepare to be shocked! Recent studies from the CDC have uncovered a startling fact &#8211; patients who have received the COVID vaccines are hundreds of times more likely to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/doctors-warn-government-ignored-science-to-push-vaccine\/\" title=\"Doctors caution government disregarded science to promote vaccine.\">experience fatal heart attacks<\/a>.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The White House is blaming a &#8220;technical glitch&#8221; for the removal of reporter Simon Ateba and the interaction between Press Secretary Karine Jeane-Pierre on YouTube. However, many are skeptical of this explanation.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Daniel McAdams, the executive director at the Ron Paul Institute for Peace and Prosperity, joins One America&#8217;s Stella Escobedo to provide expert analysis on the recent events in Russia involving Wagner and the future of the Ukraine conflict.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) &#8211; Chinese food delivery giant Meituan is making a groundbreaking move by acquiring artificial intelligence (AI) company Light Year from its co-founder\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) \u2013 Australia&#8217;s Medibank Private Ltd is facing a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/apple-seeks-to-fend-off-eu-antitrust-charge-triggered-by-spotify-at-hearing\/\" title=\"Apple fights EU antitrust charge over Spotify complaint at hearing.\">fourth shareholder class-action lawsuit<\/a> over a cyberattack incident last\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Katie Paul NEW YORK (Reuters) &#8211; Meta Platforms&#8217; Oversight Board is calling for the suspension of Cambodian Prime Minister Hun\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Gus Trompiz PARIS (Reuters) &#8211; French minerals group Imerys has announced plans to mine lithium in the UK and\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Meituan, the Chinese food delivery giant, announced its acquisition of AI company Light Year from co-founder Wang Huiwen. The deal, valued at $233.7 million in cash and 366.9 million yuan ($50.66 million) in debt, aims to enhance Meituan&#8217;s generative AI capabilities.<\/p>\n","protected":false},"author":66,"featured_media":1960033,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1960032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1960032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1960032"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1960032\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1960033"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1960032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1960032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1960032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}