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

One of China’s most highly anticipated artificial intelligence startups is undergoing a significant change of direction. Guangnian Zhi Wai, or Light Years Beyond, 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 released on … Continue reading Meituan buys founder’s months-old ‘OpenAI for China’ for $234M