Moonshot $1B Alibaba-led round shatters records

By  
Artur Stańczuk
February 24, 2024
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Summary:

Moonshot AI's recent $1B funding round, led by Alibaba and HongShan, marks the largest single financing for a Chinese AI startup since the generative AI funding surge began. Valued at $2.5B, Moonshot released its chatbot Kimi in October 2023, setting a new precedent in AI development.

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