Alibaba and Meituan back new Chinese AI startup valued at $2.5 billion valuation

['Technode Feed', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar', 'Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright'] TechNode 2024-02-20 00:00:00

Moonshot AI, a one-year-old artificial intelligence venture founded by Tsinghua University graduate Yang Zhilin, is valued at $2.5 billion after a $1 billion round of fundraising recently. Investors, including venture capital firm Hongshan, Instagram-like Xiaohongshu, Meituan, and Alibaba, were reported by Chinese media outlet 36Kr on Monday. It is also mentioned that a number of its core technologies have been adopted by Google PaLM, Meta LLaMa, and Stable Diffusion. The Beijing-based firm currently provides access to its only ToC product – a ChatGPT-like bot named Kimi.ai – on its website, describing the tool as capable of reading a 200,000-word novel in one sitting. [36Kr, in Chinese]Related