China’s Moonshot AI Seeks $30 Billion Value in New Funding Talks

Moonshot AI is seeking as much as $2 billion in a new funding round that would value the startup at $30 billion, initiating its third financing in six months to keep pace with rivals in China’s intensifying artificial intelligence race.

The developer of the Kimi chatbot has held early talks with prospective investors to raise more than $1 billion, people familiar with the matter said. The discussions have begun just as Moonshot is on the verge of closing a round led by Meituan that valued the AI firm at $20 billion after the investment, the people said. If Moonshot ...