Alibaba invested in Kimi AI developer Dark Side of the Moon: $800 million to purchase approximately 36% shares

according toAliAlibaba's financial report disclosed that the company will invest in artificial intelligence startups in fiscal year 2024.Dark Side of the Moon(Moonshot AI)investA total of approximately US$800 million (currently approximately RMB 5.9 billion),Purchased approximately 36% shares, a preferred stock investment in Dark Side of the Moon.

Alibaba invested in Kimi AI developer Dark Side of the Moon: $800 million to purchase approximately 36% shares

Alibaba Group Chairman Joseph Tsai and CEO Peter Wu wrote in a shareholder letter that the company "uses AI as the most powerful variable to transform and accelerate business growth."

The letter to shareholders stated that over the past 25 years, Alibaba has experienced continuous growth and has also shown some symptoms of "big company disease". Next, the company will actively treat "big company disease" and maintain an entrepreneurial spirit. "In the next 10 years, we will once again regard ourselves as a startup, adhere to the original mission of 'making it easy to do business in the world', and continue to innovate with an entrepreneurial spirit.We will adhere to long-termism, make choices for today and invest for tomorrow. "

The Dark Side of the Moon official website shows that the company was founded in March 2023 and is committed to seeking the optimal solution for converting energy into intelligence, creating intelligence with users through products, and launching the world's first smart assistant product that supports the input of 200,000 Chinese characters in October 2023. KimiThe core members of the founding team participated in the research and development of many large models such as Google Gemini, Google Bard, Pangu NLP, and Wudao, and many core technologies were adopted by mainstream products such as Google PaLM, Meta LLaMa, and Stable Diffusion.

In fiscal year 2024, Alibaba Group's revenue increased by 8% year-on-year to 941.168 billion yuan. Among them, Taotian Group's revenue was 434.9 billion yuan; Alibaba International Digital Business Group's revenue exceeded 100 billion yuan, a year-on-year increase of 46%, and Cainiao Group's revenue increased by 28% year-on-year.

statement:The content is collected from various media platforms such as public websites. If the included content infringes on your rights, please contact us by email and we will deal with it as soon as possible.
Information

Microsoft's Start weather forecast model evolves to predict when clouds and precipitation will appear

2024-5-24 8:49:47

Information

Tencent Zhiying announces major upgrade of voice model: more natural and fluent, with richer intonation and emotion

2024-5-24 8:53:41

Search