Chinese artificial intelligence unicorn Moonshot AI has raised US$500 million in its recent Series C funding round, according to a report, as start-up rivals MiniMax Group and Zhipu AI gear up for their initial public offerings (IPOs).
Moonshot AI, developer of the highly lauded Kimi AI models, saw IDG Capital lay out US$150 million to lead the latest financing round, with existing stakeholders Alibaba Group Holding and Tencent Holdings also participating, Chinese technology news outlet LatePost…
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