
Alibaba, Tencent Back Moonshot AI in China's AI Arms Race
Chinese generative AI startup Moonshot AI, the developer behind the Kimi large language models, has secured a landmark $500 million in a Series C funding round. The investment, led by venture capital firm IDG Capital with significant participation from tech giants Alibaba and Tencent, catapults the company’s valuation to $4.3 billion according to a report […]










