Published 5 months ago

Alibaba leads record deal to create $3.4 billion China AI firm

Summary by Ground News

Alibaba joins Tencent Holdings Ltd. and Silicon Valley peers like Microsoft Corp. in placing big bets on generative AI. It led a $1 billion funding round in Moonshot AI with existing backer Monolith Management, boosting the year-old firm's valuation eight-fold to some $2.5 billion.

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The Straits Times

Alibaba leads record deal to create $3.4 billion China AI firm

Alibaba recently led a US$1 billion funding round in Moonshot AI. Read more at straitstimes.com.

5 months ago·Singapore

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Bloomberg

Alibaba Leads Record Deal to Create $2.5 Billion China AI Firm

Alibaba Group Holding Ltd. led the largest single financing round for a Chinese artificial intelligence startup, the latest in a string of sizeable investments that suggest the e-commerce firm is again deploying capital in the hunt for growth.

5 months ago·United States

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Time Magazine

Alibaba Leads Record Deal to Mint $2.5 Billion China AI Firm

Alibaba Group Holding Ltd. led the largest single financing round for a Chinese artificial intelligence startup, the latest in a string of sizable investments that suggest the e-commerce firm is again deploying capital in the hunt for growth. Alibaba joins Tencent Holdings Ltd. and Silicon Valley peers like Microsoft Corp. in placing big bets on generative AI, the technology that powers ChatGPT. It led a $1 billion funding round in Moonshot AI w…

5 months ago·United States

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