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flag China's Moonshot AI, maker of Kimi chatbot, hits $18B valuation amid surge in AI investment.

flag China's Moonshot AI, creator of the Kimi chatbot, has reached an estimated $18 billion valuation in a new funding round seeking up to $1 billion, more than quadrupling its value in three months. flag The surge follows strong investor interest in China’s AI sector, driven by the success of its Kimi K2.5 model and the launch of Kimi Claw, which reportedly boosted monthly sales past its previous year’s total. flag Backed by Alibaba, Tencent, and 5Y Capital, the company, founded by former Meta and Google AI researcher Yang Zhilin, offers subscriptions and enterprise tools but trails rivals like Zhipu and MiniMax in commercial use. flag The broader Chinese AI boom has seen firms like MiniMax briefly surpass Baidu in market value, though global expansion has drawn scrutiny, including allegations of data extraction from Anthropic’s Claude model.

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