Alibaba co-leads $1b round in Chinese genAI startup
Tech in Asia·2024-02-21 20:00
Photo Credit: Kimi Chat
China is moving fast with its generative AI efforts. Companies like Alibaba and Baidu have launched their alternatives to OpenAI’s ChatGPT.
Another player is Moonshot AI, whose smart chatbot Kimi Chat is built on its proprietary large language model. The company has secured over US$1 billion in funding spearheaded by Alibaba and HongShan, the Chinese spin-off of US venture capital firm Sequoia Capital, the South China Morning Post reported.
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