Meituan for the first time unveiled plans to develop its own artificial intelligence model after the company reported a 20% increase in its quarterly revenue.
The mentioned Chinese leader in the meal delivery area has become another major technological player in the Asian country, joining the accelerating race of machine intelligence. Meituan is starting to integrate artificial intelligence into its workflows and the full range of its consumer services, including its travel website and e-commerce platform.
The company is currently developing its own large language model called LongCat. It is expected that this virtual product will compete with ByteDance Ltd.’s Doubao and Alibaba Group Holding Ltd.’s Qwen.
It is worth noting that recently there has been increased competition in the artificial intelligence industry. The corresponding process is scaled both at the global level and at the level of the AI sectors of individual countries, including China. This is a logical dynamic since machine intelligence is actually the main technology of modernity.
Meituan is a surprise entry in the artificial intelligence race. The company has long relied on deep data analysis and algorithms to match merchants and consumers.
Meituan founder Wang Xing stated that the firm intends to ramp up capital spending on artificial intelligence. The company aims to improve its competitiveness in the area of machine intelligence. The firm is investing billions in artificial intelligence chips. The corresponding statement was made by Wang Xing. At the same time, no specific figures were given in this case.
As we have reported earlier, Baidu Launches Two New AI Models.
