Source: CryptoBriefing
Original Title: Alibaba-backed Moonshot AI reaches $4.8B valuation after latest funding round
Original Link:
Alibaba-backed AI startup Moonshot AI has seen its valuation rise to $4.8 billion, marking a $500 million increase from last month.
The surge follows strong market performance from rival Chinese AI firms Zhipu and MiniMax, which recently went public in Hong Kong.
Moonshot, known for its Kimi chatbot, has attracted heightened investor interest, and sources indicated the ongoing funding round could close soon.
The company’s valuation may rise further in future rounds amid growing demand for Chinese AI ventures, especially as US chatbots like ChatGPT remain largely unavailable in mainland China.
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PseudoIntellectual
· 16h ago
4.8 billion USD? The speed of this funding is really impressive, but it's not easy for Moonshot to get to where it is today.
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EthSandwichHero
· 16h ago
4.8 billion USD. The speed of this funding is truly incredible. It's no wonder that domestic AI is competing at such a high level.
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MevSandwich
· 16h ago
4.8 billion? That's a pretty rapid increase in valuation... By the way, is Alibaba still investing money?
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MoneyBurnerSociety
· 16h ago
4.8 billion valuation, how come it still hasn't caught up with my loss rate?
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MetaverseVagrant
· 16h ago
Another $4.8 billion valuation story; it feels like this number is everywhere in China's AI scene.
Alibaba-backed Moonshot AI reaches $4.8B valuation after latest funding round
Source: CryptoBriefing Original Title: Alibaba-backed Moonshot AI reaches $4.8B valuation after latest funding round Original Link: Alibaba-backed AI startup Moonshot AI has seen its valuation rise to $4.8 billion, marking a $500 million increase from last month.
The surge follows strong market performance from rival Chinese AI firms Zhipu and MiniMax, which recently went public in Hong Kong.
Moonshot, known for its Kimi chatbot, has attracted heightened investor interest, and sources indicated the ongoing funding round could close soon.
The company’s valuation may rise further in future rounds amid growing demand for Chinese AI ventures, especially as US chatbots like ChatGPT remain largely unavailable in mainland China.