China AI start-up Moonshot snags funds at US$18 billion valuation

Moonshot AI is seeking to raise as much as US$1 billion in an expanded funding round that would value the start-up at about US$18 billion, more than quadrupling its valuation in just three months and underscoring growing interest in Chinese artificial intelligence developers racing to rival Silicon Valley leaders. The company behind the Kimi chatbot kicked off discussions for the latest round, people familiar with the matter said, after securing more than US$700 million earlier this year, whi...

By Bloomberg