Posted 2/27/2024, 3:38:04 PM
Alibaba Leads $1B Funding in Chinese AI Startup Moonshot, Fueling Generative AI Race
- Alibaba leads $1 billion funding round in Chinese AI startup Moonshot AI, valuing it at $2.5 billion
- Moonshot AI founded in March 2023, develops generative AI like ChatGPT
- Alibaba investing in AI as part of turnaround effort under new leadership
- Chinese tech giants and investors pouring billions into AI startups recently
- Concerns remain about US sanctions limiting access to AI chips and models