China’s Moonshot AI raises $2B at $20B valuation as demand for open-source AI skyrockets
•Chinese AI companies may not be swimming in as much cash as their Western rivals, but their open-source models are still facing no shortage of interest from those who don’t mind a performance hi...
•And investors are taking notice.
•Moonshot AI, the Beijing-based AI lab developing the highly popular Kimi series of open-weight large language models, has raised about $2 billion at a valuation of $20 billion, according to a post by...
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Chinese AI companies may not be swimming in as much cash as their Western rivals, but their open-source models are still facing no shortage of interest from those who don’t mind a performance hit in exchange for cheap inference. And investors are taking notice. Moonshot AI, the Beijing-based AI lab developing the highly popular Kimi series of open-weight large language models, has raised about $2 billion at a valuation of $20 billion, according to a post by Huafeng Capital, which advised some investors who participated in the round.المصدر: TechCrunch | Source: TechCrunch
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