A $30 billion valuation, and suddenly they remember the old debts
Moonshot AI is in a hurry to IPO in Hong Kong, and its former employer, Recurrent AI, has shown up with a bunch of investors to negotiate a settlement. They no longer recognize the 9.5% stake they got back then, and are now demanding 10.5%. At a $30 billion valuation, that extra percentage point would be worth over $700 million. They’ve also accused Moonshot AI of taking core training data and wiping server databases.
A $700 million bill has materialized out of nowhere in just one year. The investors’ calculators are drawing straighter lines than a market maker’s candlestick chart. In the end, this bill will still be passed on through the IPO pricing to the unlucky souls buying in on the secondary market.
A quick question for everyone holding AI-themed stocks: $TAO $FET $RNDR — who’s sitting on the biggest unrealized loss? Post your cost basis in the comments. Let’s see who’s first in line for the rooftop.
#人工智能 #IPO
Moonshot AI is in a hurry to IPO in Hong Kong, and its former employer, Recurrent AI, has shown up with a bunch of investors to negotiate a settlement. They no longer recognize the 9.5% stake they got back then, and are now demanding 10.5%. At a $30 billion valuation, that extra percentage point would be worth over $700 million. They’ve also accused Moonshot AI of taking core training data and wiping server databases.
A $700 million bill has materialized out of nowhere in just one year. The investors’ calculators are drawing straighter lines than a market maker’s candlestick chart. In the end, this bill will still be passed on through the IPO pricing to the unlucky souls buying in on the secondary market.
A quick question for everyone holding AI-themed stocks: $TAO $FET $RNDR — who’s sitting on the biggest unrealized loss? Post your cost basis in the comments. Let’s see who’s first in line for the rooftop.
#人工智能 #IPO