According to Bloomberg, Moonshot AI is in preliminary talks with potential investors for a new funding round aiming to raise over $1 billion, up to $2 billion, with a valuation target of $30 billion. The report states that this is the company’s third funding round in six months, aimed at addressing increasingly fierce AI competition in China.
Moonshot AI reportedly seeks up to $20 billion in new funding at a $30 billion valuation
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Summary
Moonshot AI is reportedly in early discussions for a new funding round, seeking up to $20 billion at a $300 billion valuation, according to project funding reports. This would be the company’s third fundraising effort in six months, as it intensifies its focus on the AI and crypto space. The funding aims to bolster its position amid growing AI competition in China.
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