Chinese AI Company Moonshot Valued at $20 Billion After Three Years

Moonshot AI, a Chinese startup founded in 2023, has raised $2 billion in funding and is now valued at $20 billion—eight times its worth two years ago. The company makes Kimi, an artificial intelligence chatbot that competes globally with OpenAI and Anthropic. The investment reflects growing confidence in Chinese AI development as restrictions limit Western companies' access to Chinese markets.