On July 8th, Alibaba Cloud officially announced two new "spokespersons" - Yang Zhilin, founder of Moonshot AI and Zhang Yuejia, President of Zhaopin Group.
As of the fiscal year ending March 31, 2024, Alibaba invested a total of approximately $800 million to acquire about 36% equity stake in Moonshot AI as a preferred stock investment.
The financing of Moonshot AI, a large-scale company, is still ongoing, and the latest valuation has reached $3 billion, with new entrants include Tencent.
Despite Kimi's current success, a securities analyst warned that its relatively low technical threshold could lead to intense competition in the future.
Moonshot AI announced that its conversational AI assistant product Kimi Intelligent Assistant now supports lossless contextual input of 2 million words.
