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Report: China-based Moonshot AI, maker of Kimi models, raised a $500M Series C at a $4.3B valuation led by IDG Capital, with Alibaba and Tencent participating (Iris Deng/South China Morning Post)

Iris Deng / South China Morning Post : Report: China-based Moonshot AI, maker of Kimi models, raised a $500M Series C at a $4.3B valuatio...

25 June 2024

Stability AI says it closed a new funding round; sources: investors committed $80M to take over the company, and some suppliers have forgiven debt obligations (Deepa Seetharaman/Wall Street Journal)

Deepa Seetharaman / Wall Street Journal:
Stability AI says it closed a new funding round; sources: investors committed $80M to take over the company, and some suppliers have forgiven debt obligations  —  Stability AI raised $100 million-plus in 2022 but is being recapitalized and aims to build a business around image-generation tool

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