Talent is more important than capital for AI development, says Meituan co-founder

Talent is more important than capital for AI development, says Meituan co-founder

Markus Winkler/ Unsplash.com

Talent is more important than capital for developing artificial intelligence (AI) right now, Meituan co-founder Wang Huiwen told Caixin, as he hunts for new hires to join his startup striving to launch a challenger to ChatGPT.

Wang, who retired from Meituan in late 2020, declared his intention to build a ChatGPT-like service in February, announcing a $50 million investment to set up Beijing Lightyear Technology Co. Ltd. to rival OpenAI and recruit top talent in the field.

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