Meituan Founder Wang Xing Invests in AI Startup Beyond Light Years

03/08/2023 08:35 • Tech Trends • 120 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:

Meituan founder Wang Xing has announced that he will personally invest in the A-round of artificial intelligence (AI) startup Beyond Light Years and serve as a director. In a circle of friends post, he expressed both excitement and concern about the potential of AI to create significant productivity gains while also having an impact on society.

Beyond Light Years was founded by Wang Huiwen, who contributed $50 million to establish Beijing Guangnian Beyond Technology Co., Ltd. The startup has a valuation of $200 million, with Wang’s own funds accounting for 25% of its shares. Wang Huiwen has previously stated her belief that “China OpenAI should be built.”

This investment by Wang Xing, a prominent figure in the technology and startup industries, is a significant endorsement of Beyond Light Years and its potential in the field of AI. Wang Xing’s concern about the wider impact of AI is also noteworthy, as it highlights a growing concern about the ethical and societal implications of this technology.

With the massive potential of AI to advance productivity and efficiency across a vast range of industries, it is essential to consider how these advancements may impact the workforce and society at large. Wang Xing’s investment in Beyond Light Years suggests that the potential benefits of AI outweigh its potential risks, provided that technology is developed in a responsible and ethical way.

In conclusion, Wang Xing’s investment in Beyond Light Years is a significant development in the field of AI and highlights the growing importance of responsible development and implementation of this technology. As AI continues to shape the future of work and society, it is essential to consider both its potential benefits and its wider impact.

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Meituan Founder Wang Xing Invests in AI Startup Beyond Light Years

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

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