miHoYo, Meituan Push Own LLMs as China's AI Race Intensifies
The Information reports miHoYo plans to invest up to 100 billion yuan in AI over three years, led by co-founder Cai Haoyu, while Meituan and Xiaomi also advance their models.
Chinese companies miHoYo and Meituan are intensifying development of their own large language models, according to The Information, joining a crowded field of domestic AI players.
miHoYo, developer of Genshin Impact, aims to become one of China's top AI research labs within the next few years. The company plans to invest up to 100 billion yuan in AI development over the next three years, with co-founder Cai Haoyu leading the core model development team. miHoYo is also reportedly seeking to obtain Nvidia's latest Blackwell chips.
Meituan has already moved forward on its own model. In June, the company unveiled an improved version of its model, LongCat 2.0. Last month, Xiaomi released its latest model, MiMo-V2.6-Pro, after hiring key DeepSeek researchers last year.
Competition with major tech firms
The moves put miHoYo, Meituan and Xiaomi alongside larger players such as ByteDance, Alibaba and Tencent in the Chinese AI market. In 2023, the market saw a so-called "war of 100 models."
Quick answers
What is miHoYo's AI investment plan?
According to The Information, miHoYo plans to invest up to 100 billion yuan in AI development over the next three years.
What model did Meituan release?
Meituan unveiled an improved version of its own model, LongCat 2.0, in June.
What is Xiaomi's latest AI model?
Xiaomi released its latest model, MiMo-V2.6-Pro, last month.