
Alibaba has led a $1 billion funding round in the Chinese AI startup Moonshot AI, marking a significant milestone in the AI industry. This investment has propelled Moonshot AI's valuation to a remarkable $2.5 billion, an eightfold increase from its previous valuation, highlighting Moonshot AI's rapid ascent in the AI landscape. The round also saw participation from existing backers, including Monolith Management, and new investors such as the food delivery giant Meituan's investment arm Long-Z and Hongshan, formerly known as Sequoia China. This move is part of Alibaba's broader strategy to invest in high-growth areas within the technology sector, particularly in artificial intelligence, and represents the largest single financing round for a Chinese AI startup. The surge in China's AI stocks, with companies like Moonshot AI at the forefront, underscores the increasing importance of large language models (LLMs) and their applications in various domains, including discord automation.
ICYMI: we shared news of over $200M in funding at a $2.2B valuation to help CIOs quickly and securely deploy AI in their organizations 🔥 📰 Get the full scoop from @CNBC's @jordannovet: https://t.co/ktl9ib8uMI https://t.co/uvKySbLdnl
Alibaba led a $1 billion funding round in Moonshot AI, valuing the year-old AI firm at a record $2.5 billion https://t.co/zBG8vGzuMb
Alibaba led a $1B funding round in AI startup 🇨🇳 Moonshot AI (月之暗面) with existing backer 🇨🇳 Monolith Management (砺思资本), boosting the year-old firm’s valuation eight-fold to some $2.5B. They joined previous backers including food delivery giant Meituan’s investment arm… https://t.co/3svS56DwqZ








