Moonshot AI Pursues $20 Billion Funding Round, Valuation May Reach $30 Billion; Meituan Leads Latest Financing

ME AI News, June 8: Moonshot AI is seeking a new round of funding of up to $2 billion, which could push the startup’s valuation to $30 billion. This marks its third funding round in six months as it races to keep pace with China’s intensifying AI competition. The company, which developed the Kimi chatbot, has already initiated preliminary discussions with potential investors and plans to raise over $1 billion, according to sources familiar with the matter. These talks come as Moonshot AI is nearing the completion of a funding round led by Meituan, which would value the company at $20 billion. If Moonshot ultimately achieves its latest funding target, its valuation would increase roughly sevenfold from its level of over $4 billion in December. Click the link below to join Beating · Feishu AI News Channel for 24/7 monitoring of global AI trends and news. (Source: MLion)