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Meituan Launches Open-Source AI Model Despite Stock Decline
Meituan Launches Open-Source AI Model Despite Stock Decline
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BTCCSquare news:
Meituan (MPNGF), China's food delivery giant, saw its shares dip despite unveiling LongCat-Flash-Chat, a 560-billion-parameter open-source large language model. The Mixture-of-Experts architecture positions it competitively against DeepSeek V3.1, Alibaba's Qwen 3, and Western models like Claude Sonnet and Gemini 2.5 Flash.
The move signals China's escalating AI arms race, with open-source strategies challenging US dominance. Meituan joins domestic rivals in targeting Nvidia and Microsoft's AI stronghold, though market reaction remained muted amid broader tech sector pressures.
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