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Zhipu AI, a promising Chinese competitor to OpenAI, released ChatGLM-6B, a bilingual conversational AI model, and the more advanced GLM-130B. Meituan's recent investment in Zhipu AI, following its $234 million acquisition of Light Years Beyond, another LLM developer, marks a strategic move to enhance its AI capabilities, leveraging Zhipu AI's potential access to Meituan's vast user base for food delivery, grocery shopping, and hotel bookings.

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