Moonshot AI, the Beijing-based startup behind the Kimi chatbot, is in talks to raise $1–2 billion at a valuation of...

Moonshot AI, the Beijing-based startup behind the Kimi chatbot, is in talks to raise $1–2 billion at a valuation of approximately $30 billion, according to Bloomberg. This would mark a 50% increase from its $20 billion valuation in a recent round. The funding talks underscore robust investor appetite for Chinese AI labs, which are major consumers of AI infrastructure including GPUs and data center capacity. A successful round would provide Moonshot with significant capital to scale its model training and inference capabilities, likely driving further procurement of AI hardware from suppliers such as NVIDIA and domestic alternatives. This news strengthens the AI-infra demand narrative, as leading AI players continue to raise large sums to fuel their compute-intensive operations. Source: Bloomberg