Page 8 - Light Year News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The deal comes at a time when AI has captivated investor interest across the globe, prompting a flurry of investments or acquisitions by businesses in a rush to develop generative AI like ChatGPT. The total deal for Light Year includes $233.7 million in cash with 366.9 million yuan ($50.66 million) worth of debt and a payment of $28 million to the AI firm's previous investor HongShan, a investment fund by Sequoia Capital China Growth Fund VII, Meituan said.

Once a subject most avoided discussing, menopause is now being addressed more openly by more parties than ever before. During this session at Cannes, presented by Havas, a panel of experts talked about why and how marketers should be participating in that dialogue.

(Reuters) -Chinese food delivery giant Meituan said on Thursday that it is acquiring artificial intelligence (AI) company Light Year from its co-founder ...

The cash consideration includes a $28-million payment to HongShan, which holds a 2.44% stake in Light Year.

Staff reporter Meituan (3690) announced yesterday that it has agreed to buy the entire interest in Light Year for US$234 million (HK$1.83 bi...