Meituan Founder Invests in AI Start-Up Beyond Light Years

03/08/2023 08:35 • Metaverse & Beyond • 78 views

On March 8, Wang Xing, the founder of Meituan, said in a circle of friends that Wang Xing would personally participate in the A-round investment of Wang Huiwen’s start-up company “beyond light years” and serve as a director. Wang Xing said in his circle of friends, “The AI model makes me both excited about the huge productivity that will be created and worried about its impact on the whole world in the future. Lao Wang and I have been on the road of entrepreneurship for nearly 20 years. Since he is determined to embrace this big wave, I must support it.” According to public reports, Wang Huiwen announced the establishment of Beijing Guangnian Beyond Technology Co., Ltd. in February this year, with a contribution of 50 million dollars and a valuation of 200 million dollars, Own funds account for 25% of the shares. Wang Huiwen once said on the social platform that “China OpenAI should be built”.

Wang Xing will personally participate in Wang Huiwen" Light years away" Round A investment and director

Analysis based on this information:

In an announcement made on March 8, Wang Xing, the founder of Meituan, stated that he will be participating in the A-round investment of start-up company “Beyond Light Years,” founded by Wang Huiwen. Along with this investment, Wang Xing will also serve as a director in the company. Wang Xing expressed his excitement and concern over the AI model, praising its potential to create huge productivity and simultaneous doubts concerning its future impact on the world. The Meituan founder’s partnership with Beyond Light Years comes after Wang Huiwen’s announcement of the start-up company’s establishment, along with its $50 million contribution and $200 million valuation, with self-made funds accounting for 25% of the shares. This partnership also coincides with Wang Huiwen’s call to build China’s own OpenAI.

This message serves as a testament to the increasing interest and investment in AI technology, both in China and globally. The influence of AI in a range of industries has propelled the technology to the forefront of business discussions and innovations. It is becoming increasingly apparent that the business world is focused on AI as a significant source of productivity and growth, though there is also a growing awareness of the risks and challenges that come with this focus.

Wang Xing’s investment in Beyond Light Years may signify a growing trend of experienced entrepreneurs entering into AI ventures. It is possible that entrepreneurs like Wang Xing see the promotion of AI as a way to secure their legacy, as AI development may shape the future of the business world for years to come. At the same time, Wang Xing’s investment may also represent the need for experienced entrepreneurs to support and guide start-ups that may lack the business knowledge they possess.

In conclusion, even though it is still uncertain to predict the true potential of AI, more and more investors and entrepreneurs are investing in the technology, driven by the opportunities and possibilities that its advancement could bring. While innovative technology holds the potential to improve and revolutionize the business world, caution must be taken to ensure that AI is developed in a responsible and ethical way. Only then can AI technology achieve its maximum potential while serving the needs of societies and the business community.

Overall, the investment made by Wang Xing in Beyond Light Years highlights the importance of AI development and the opportunities that it presents, all while acknowledging the potential risks and challenges associated with it.

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Meituan Founder Invests in AI Start-Up Beyond Light Years

Wang Xing will personally participate in Wang Huiwen" Light years away" Round A investment and director

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