Meituan drops 1.6-trillion-parameter LongCat-2.0 trained on Chinese chips

Source Cryptopolitan

Meituan claims it trained the 1.6 trillion parameter model on domestic Chinese hardware, avoiding Nvidia GPUs altogether. The company is the biggest platform in China for local services and food delivery.

The release lands as U.S. export controls keep reshaping how Chinese firms build large-scale AI. Meituan trained LongCat-2.0 on domestic ASIC superpods. The company frames the model as proof Chinese firms can hit frontier scale without Nvidia’s CUDA-based chips.

LongCat-2.0 runs on a sparse mixture-of-experts design

LongCat-2.0 uses a sparse mixture-of-experts architecture. DeepSeek and Mistral’s Mixtral use that same broad approach. Instead of simultaneously firing all 1.6 trillion parameters, an internal router selects a subset of specialized sub-models for each token. Compared to a dense model of the same size, that design keeps inference costs down.

The model ships with a one million token context window. Both DeepSeek-R1-0528 and OpenAI’s GPT-OSS have a maximum token value of 128,000. In the published benchmarks, Meituan compared LongCat-2.0 to Google’s, OpenAI’s, and Anthropic’s closed-source models. So far, those assertions have not been validated by impartial third-party assessments.

Meituan developed LongCat-2.0 to serve as the primary reasoning engine for AI agents and coding tools. The company pointed to code comprehension, repository-wide edits, and automated task execution as target use cases.

Bernstein pegs Nvidia at 40% of China’s AI chip market

An estimate from the equity research firm Bernstein for 2025 placed Nvidia’s share of the Chinese artificial intelligence chip market at ~40%. Huawei has a similar percentage. Bernstein predicted that Huawei would gain ground this year, causing Nvidia’s share to fall by 8 percentage points.

As for domestic ASIC clusters, Meituan claims to have trained and optimized LongCat-2.0. This means that the model doesn’t need Nvidia’s software stack and can instead run on hardware that is already present in China. Instead of disjointed third-party configurations, “superpods” implies fully integrated enterprise-grade hardware.

Neither consumer devices nor the majority of on-premises systems will be able to handle LongCat-2.0’s 1.6 trillion parameters. It resides in data centers, distributed across high-density inference clusters that use model parallelism.

Delivery of meals is Meituan’s claim to fame, not its development of frontier AI. By purchasing AI startup Light Year Beyond for $281 million in 2023, the Beijing company made its entry into the AI space. According to SiliconANGLE, it did not publicly announce its plans for internal model development until 2025.

MiniMax, another Chinese AI startup, drew backing from Alibaba and miHoYo. According to earlier reports from Cryptopolitan, these investors committed not to sell shares before the lock-up expiration on July 9.

MiniMax rolled out its own million-token-context model, M3, in early June 2026, per Cai Lian She as cited by Cryptopolitan. MiniMax has introduced prices that are significantly lower than the market leaders in the United States.

Independent testing will decide how seriously developers outside China take LongCat-2.0. Optimization for domestic chips may limit performance on Nvidia hardware, which still dominates data centers worldwide. The core reasoning architecture, according to Meituan, remains portable.

Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin CME gaps at $35,000, $27,000 and $21,000, which one gets filled first?Prioritize filling the $27,000 gap and even try higher.
Author  FXStreet
Aug 22, 2023
Prioritize filling the $27,000 gap and even try higher.
placeholder
Pinduoduo Earnings Incoming: Morgan Stanley Sees Long-Term Profit Potential​Insights – On November 21, Chinese e-commerce giant Pinduoduo (PDD) will release its Q3 2024 earnings.
Author  Mitrade
Nov 20, 2024
​Insights – On November 21, Chinese e-commerce giant Pinduoduo (PDD) will release its Q3 2024 earnings.
placeholder
Elon Musk’s xAI and Neuralink Launch New Funding Rounds​Billionaire Elon Musk recently raised funds for his two high-profile tech companies, xAI and Neuralink.
Author  Insights
Jun 03, 2025
​Billionaire Elon Musk recently raised funds for his two high-profile tech companies, xAI and Neuralink.
placeholder
Bitcoin briefly loses 2025 gains as crypto plunges over the weekend.Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant. The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year. Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus. Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses. Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.
Author  Mitrade
Nov 17, 2025
Bitcoin experienced a sharp decline this weekend, briefly erasing its 2025 gains and dipping below its year-opening value of $93,507. The cryptocurrency fell to a low of $93,029 on Sunday, representing a 25% drop from its all-time high in October. Although it has rebounded slightly to around $94,209, the pressures on the market remain significant. The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year. Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus. Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses. Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.
placeholder
Gold Price Forecast: Does Gold Falling Below $4,000 Mean the Bull Market Is Over? Will It Still Rise in the Second Half of 2026?Heading into the second half of 2026, the gold market has transitioned from a strong-performing asset at the start of the year into one pulling back from its highs. Recently, gold prices
Author  TradingKey
Jun 29, Mon
Heading into the second half of 2026, the gold market has transitioned from a strong-performing asset at the start of the year into one pulling back from its highs. Recently, gold prices
goTop
quote