Market News: DarkSide Seeks $10 Billion Valuation in New Funding Round

BlockBeats News, February 17th, According to reports, in a funding round extension involving investment from Alibaba (09988.HK) and Tencent Holdings (00700.HK), artificial intelligence startup The Dark Side of the Moon seeks to increase its valuation to $10 billion, hoping to capitalize on investors' strong interest in Chinese AI model startups.

According to sources familiar with the matter, the company that develops the Kimi chatbot initiated additional fundraising talks in late January to meet investor demand. Just about a month ago, the company raised $500 million at a $4.3 billion valuation. Sources said that existing investors, including Alibaba, Tencent, and FountainVest Partners, have committed to invest over $700 million in the first tranche of the latest funding round. (Jinse)