Wang Huiwen once again returned to the AI entrepreneurship track

Mondo Technology Updated on 2024-01-30

Wang Huiwen, the former co-founder of Meituan, who has been silent for a while due to health reasons, has recently made a new move. The reporter learned from Tianyancha APP that recently, Wang Huiwen, a new shareholder of Beijing Silicon Technology, hereinafter referred to as "Silicon Technology"), changed its registered capital from 1 million yuan to 1.05 million yuan. According to public information, Silicon Technology was established in August 2023 and is a company engaged in software and information technology services. Prior to this shareholder change, OneFlow founder Yuan Jinhui held 100% of the company's shares. At present, Yuan Jinhui holds 95% of the shares, and Wang Huiwen holds 5% of the shares. After a light year away, Wang Huiwen returned to the AI entrepreneurship track Wang Huiwen is an Internet veteran and serial entrepreneur, and the most well-known identity is the former co-founder of Meituan. In February this year, in the AI entrepreneurship wave triggered by ChatGPT, Wang Huiwen announced that he would invest 50 million US dollars to set up Beijing Lightyear Beyond Technology *** hereinafter referred to as "Lightyear Away"), trying to build a Chinese version of OpenAI. He also revealed at that time, "The next round of financing has been subscribed by top VCs 2."$300 million", and said that the capital accounted for 25% of the shares. The remaining 75% of the shares will be used to recruit top R&D talent.

Wang Huiwen's Hero Recruitment Order not only attracted many top AI talents to join, but also made the AI investment circle very excited. After all, Wang Huiwen not only has outstanding personal ability, but also has strong influence and appeal, and has the strong support of Wang Xing, the founder of Meituan and an "old classmate". Soon after Wang Huiwen announced that he would join the AI startup track, Wang Xing revealed that he would participate in the Series A financing outside of Lightyear in his personal capacity, and he would also serve as a director. At that time, Wang Xing wrote in the circle of friends: "Lao Wang and I have been walking together on the road of entrepreneurship for nearly 20 years, since he is determined to embrace this big wave, then I must support it." However, only 4 months after starting the business, Wang Huiwen left his post for medical treatment due to personal health problems. Insiders outside Lightyear revealed that Wang Huiwen had some health problems in May and was suspected of having symptoms of depression. On June 25, Meituan issued an announcement saying that Wang Huiwen resigned as a director of Meituan due to personal health reasons. On June 29, Meituan issued an announcement on the Hong Kong Stock Exchange, saying that it had won 20Completed the acquisition of 100% equity interest in domestic and foreign entities outside Lightyear for RMB6.5 billion. In August this year, Wang Huiwen withdrew from the list of shareholders light years away, and the path of AI entrepreneurship was interrupted. It is worth noting that the Tianyancha app shows that on April 17, a new company was added to foreign investment outside Lightyear, which is Beijing first-class science and technology *** hereinafter referred to as "first-class technology"). Founded in 2017, First-Class Technology is mainly engaged in software and information technology services, and the company's legal representative is Yuan Jinhui. According to public information, there are currently 3 first-class technology shareholders, who are light-year away (holding 465%), Yuan Jinhui (holding 346%) and Beijing Brilliant Innovation and Technology Center (188%)。Yuan Jinhui is a Ph.D. in Computer Science at Tsinghua University, under the tutelage of Academician Zhang Bo, the founder of Chinese artificial intelligence and the dean of Tsinghua Institute of Artificial Intelligence. He is also the former chief researcher of Microsoft Research Asia, and has won the Special Award of the President of Microsoft Research Asia, and is a well-known AI architecture expert in the industry. When he founded Best-in-Class Technology in 2017, he wanted to build a next-generation open-source deep learning framework and development platform, OneFlow. In August this year, Yuan Jinhui said in the circle of friends that the OneFlow team would start a new business, and the first product planned to be launched was a large model inference and deployment system to solve the pain point that the inference deployment cost of AIGC (generative artificial intelligence) and LLM (large language model) industries is too high. At the same time, he said, "We judge that this is one of the best business opportunities in the era of large models. The OneFlow team's technical level in AI Infra (AI infrastructure) should not be blown anymore, and the first-class technology is also a project that has rarely made investors money in the past many years. Welcome sincere investment institutions to discuss cooperation. In the same month, Silicon Technology was formally established, with Yuan Jinhui as the legal representative. Now, Wang Huiwen has officially invested in Silicon Technology and joined hands with Yuan Jinhui to return to the AI entrepreneurship track again. Although Silicon Technology has not released any projects and products, the combination of the two is still eye-catching, which makes Wang Huiwen's AI second venture quite interesting. Meituan has increased the layout of AI large models, self-research + investment parallelismAfter Wang Huiwen left his post due to illness this year, institutions that invested light years away in the early stage are facing the risk of losing their investment. Meituan's timely acquisition is undoubtedly Wang Xing's "back-up" for Wang Huiwen, and it has also allowed investment institutions to achieve a smooth exit. In fact, Meituan has been increasing its weight in the field of artificial intelligence since this year, adopting a two-legged strategy of self-research + investment. According to market sources, Meituan's entry into the big model is almost simultaneously with the light years when Wang Xing began to invest in Wang Huiwen. At the earnings conference in the first quarter of this year, Wang Xing revealed that Meituan's internal team is working on building its own basic model and related applications, "Meituan will be committed to building its own AI functions and applying them to our users." ”

According to **, Meituan has set up S-Team as the highest decision-making body for the large model, and Wang Xing asks the head of the algorithm team about the progress of the large model about every week or two. After the acquisition of Lightyear, Meituan said that it would support the Lightyear team to continue to explore and research in the field of large models. Not long ago, Meituan launched an app called "WOW", which is also Meituan's first AI interactive product. It is reported that WOW is an AI companion chat entrepreneurship project within Meituan, which is mainly to create an ideal AI partner for young people to play virtual role-playing emotional companionship. However, WOW focuses on social chatting and has little to do with Meituan's core business. In addition to self-development, Meituan has also made a lot of moves in investing in large-scale start-ups. In July this year, the Tianyancha app showed that Beijing Zhipu Huazhang Technology***, an affiliate of the Chinese cognitive large model platform "Zhipu AI", underwent industrial and commercial changes, and the shareholder added Tianjin Sankuai Technology ***, a subsidiary of Meituan, to hold 1042%, with a registered capital of about 1480690,000 yuan increased to about 1652RMB 860,000.

Founded in 2019, Zhipu AI is transformed from the technological achievements of the Knowledge Engineering Laboratory of the Department of Computer Science of Tsinghua University, and the founder is Tang Jie, a professor of the Department of Computer Science of Tsinghua University. In addition to Meituan, investors include Legend Capital, Qiming Venture Capital, Dachen Caizhi, Turing Venture Capital, Zhongke Chuangxing and other well-known institutions. It is reported that this year, Zhipu AI has received a total of more than 2.5 billion yuan in financing, becoming one of the largest model companies with the highest public financing in China. It can be seen that Wang Xing, who was born in Tsinghua University, also prefers the Tsinghua Department in terms of investing in large-scale model start-ups, whether it is light years away or Zhipu AI, all of them have a Tsinghua background. In the future, the market will wait and see whether the silicon technology jointly created by Wang Huiwen and Yuan Jinhui will also be supported by Meituan.

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