CoinVoice has recently learned that Alibaba (09988.HK) and Tencent Holdings (00700.HK) have participated in a financing round for the artificial intelligence startup Dark Side of the Moon, seeking to raise its valuation to $10 billion, hoping to capitalize on investor interest in Chinese AI model startups.

According to insiders, the company developing the Kimi chatbot initiated additional financing discussions in late January to meet investor demand. Just about a month ago, the company completed a $500 million financing round at a valuation of $4.3 billion. The latest sources indicate that existing investors, including Alibaba, Tencent, and Wuyuan Capital, have committed over $700 million in the first phase of the latest financing round. [Original link]