Moonshot AI IPO push follows Kimi, Alibaba AI releases that shook bitcoin
CoinDesk·
60-second summary
Moonshot AI is pushing for a Hong Kong IPO at a valuation of over $30 billion, following the recent release of Kimi K3 and Alibaba's Qwen, which shook the chip stocks and rattled bitcoin markets, highlighting the growing interest in AI technology and its potential to disrupt traditional industries, fueling a surge in demand for AI-related investments.
Days after Kimi K3 rattled chip stocks, Moonshot is moving toward a Hong Kong listing at a $30 billion-plus valuation while Alibaba's Qwen goes open-weight.