Despite concerns about the impact of artificial intelligence (AI) in the future, the AI Light Year AI start-up still receives great expectations from Chinese “giant” companies and aims to become China’s “OpenAI”.
Recently, Huiwen Wang, co-founder of China’s leading food delivery company Meituan Dianping, successfully raised $230 million for his AI startup, Light Year AI (Guangnian Zhiwai).
This funding increased the value of Light Year AI to $1 billion – a remarkable achievement in just 100 days.
According to information, Source Code Capital led the funding round with an investment of 80 million USD. Then, there were a series of “giants” such as Tencent, China’s leading internet corporation (with $50 million), 5Y Capital ($40 million) and Su Hua – the founder of Kuaishou ($40 million). USD). Notably, Su Hua has been an active investor in innovative AI projects since March.
The successful fundraising of Light Year AI shows China’s strong interest and investment in artificial intelligence.
Light Year AI is currently striving to become China’s OpenAI and aims to become a leading company in the field of artificial intelligence. They are strategically positioned to enter the market, raise funds, and explore merger/acquisition opportunities, though have not announced any new products yet.
Light Year AI’s rapid growth reflects the company’s significant influence on capital markets and investor interest.
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