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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

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Time Magazine

Lean Right

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.

1 year ago·Singapore

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Bloomberg

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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.

1 year ago·United States

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