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 hit in exchange for cheap...
Anthropic — What company has the best second artificial intelligence model at the end of June?
A striking development has emerged in artificial intelligence. 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 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.
This advance offers important signals about the future of the sector, and the tech world is watching closely.
