Moonshot AI hits $4.8B valuation as Chinese AI IPO fever grows
TL;DR Summary
Alibaba-backed Moonshot AI is valued at about $4.8 billion in a new funding round, up roughly $500 million from December as demand remains strong ahead of potential further rounds, with the Kimi chatbot fueling investor interest amid IPO momentum for Chinese AI rivals like Zhipu and MiniMax in Hong Kong and ongoing US-China tech tensions.
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