Moonshot AI seeks new financing, valuation could reach $30 billion

According to Bloomberg, Moonshot AI is seeking a new round of financing of up to $2 billion, which could push its valuation up to $30 billion. This is its third round of financing within six months, aimed at addressing the fierce competition in China's artificial intelligence field. According to informed sources, the company has made preliminary contacts with potential investors and plans to raise over 1 billion US dollars. Currently, Moonshot AI is nearing completion of a funding round led by Meituan, with a valuation of $20 billion upon completion. If the latest financing target is achieved, its valuation will increase by about 7 times compared to the $4 billion in December.