Posted 2/20/2024, 12:30:09 PM
Chinese AI Startup Moonshot AI Valued at $2.5 Billion After $1 Billion Funding Round Led by Alibaba and HongShan VC
- Chinese AI start-up Moonshot AI raises $1 billion in funding led by Alibaba and HongShan VC
- Moonshot valued at $2.5 billion after latest funding round
- Firm launched Kimi Chat smart chatbot in October, built on its own large language model
- Moonshot's funding marks largest raise by a Chinese AI start-up since ChatGPT release
- Comes amid strong interest in OpenAI-type firms in China, which leads global AI investments