Beijing-based Moonshot AI is in early talks to raise between $1 billion and $2 billion. This new funding round would value the Kimi chatbot developer at $30 billion.
The startup is launching its third financing effort in just six months. These discussions occur as Moonshot finalizes a separate round led by Meituan.
That previous round valued the company at $20 billion. Existing backers include Alibaba Group and Tencent Holdings. The rapid valuation surge reflects intense investor interest in China's prominent artificial intelligence firms.