Moonshot AI Raises Valuation To $4.8 Billion

Alibaba-backed Moonshot AI has seen its valuation rise to about $4.8 billion, marking a $500 million increase from last month, sources told CNBC. The startup, known for its Kimi chatbot, is attracting investor interest as funding talks near close, driven by strong rival IPOs and constrained access to US chatbots like ChatGPT in mainland China.