Moonshot AI is seeking to raise as much as $1 billion in an expanded funding round that would value the startup at about $18 billion, more than quadrupling its valuation in just three months and underscoring growing interest in Chinese AI developers racing to rival Silicon Valley leaders.
The company behind the Kimi chatbot kicked off discussions for the latest round, people familiar with the matter stated, after securing more than $700 million earlier this year that valued it at $10 billion. That marks a significant jump from its $4.3 billion valuation in a $500 million tranche toward the conclude of last year, according to the people, who questioned not to be named discussing private information.
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