Kimi, the Chinese AI model startup also known as Moonshot AI, is closing a $2 billion funding round at a valuation of $20 billion, as investors pile into the developer of some of the world’s most popular AI models amid the company’s rapid technological advances.

Founded in 2023 by Yang Zhilin, a Forbes 30 Under 30 Asia alum, the upstart is raising the funds from investors led by Long-Z Investments, the venture capital arm of Chinese billionaire Wang Xing’s local services giant Meituan, according to local media LatePost and two people with knowledge of the deal. Other investors participating in the round include Chinese alternative asset........

© Forbes