Meituan invests billions in AI

Meituan CEO Wang Xing said in a financial report conference call that the company has invested "tens of billions" in chips used to train artificial intelligence (AI) models and plans to increase investment in key AI infrastructure this year. Wang Xing revealed that Meituan has invested billions of yuan in GPU resources and built a distributed training framework and inference acceleration engine. He said that GPU resource supply has been a top priority over the past year.