Tencent participated in the $300 million financing of Kimi developer Dark Side of the Moon? The latter responded: No comment

It is reported thatTencentParticipate in domestic artificial intelligence unicorns,Kimi Smart Assistant Development CompanyDark Side of the Moon(Moonshot AI) $300 million (currently about RMB 2.151 billion)FinancingIn response, Dark Side of the Moon told The Paper: “We will not comment on the financing news.”

Tencent participated in the $300 million financing of Kimi developer Dark Side of the Moon? The latter responded: No comment

IT Home noted that in February this year, there were reports that Dark Side of the Moon had completed a new round of financing of over US$1 billion (currently about RMB 7.171 billion), with investors including Sequoia China, Xiaohongshu, Meituan, Alibaba, and old shareholders following suit. After this round of financing,Dark Side of the Moon is valued at approximately $2.5 billion(Currently about RMB 17.926 billion), it is one of the leading companies in the field of large models in China.

Alibaba's financial report released in May this year revealed that the company invested a total of approximately US$800 million (currently approximately RMB 5.736 billion) in the artificial intelligence startup Moonshot AI in fiscal year 2024.Purchased approximately 36% shares, a preferred stock investment in Dark Side of the Moon.

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."

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

 

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