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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...

5 June 2024

The Greater Memphis Chamber says xAI plans to develop a new facility in Memphis to house a supercomputer and could receive tax breaks and other incentives (Kurt Wagner/Bloomberg)

Kurt Wagner / Bloomberg:
The Greater Memphis Chamber says xAI plans to develop a new facility in Memphis to house a supercomputer and could receive tax breaks and other incentives  —  - Startup could receive tax breaks and other business incentives  — New facility would come on the heels of $6 billion fundraising

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