Alibaba leads $1B investment in Moonshot AI
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 27 February 2024
⏱️ 7 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
Show links:
Biggest stock movers today: Zoom Video Communications, Unity Software, and more
Palo Alto Networks surges as Nancy Pelosi discloses purchase
Dollar Tree to pay over $41M to resolve investigation into product contamination
Boeing’s push to improve quality is inadequate, FAA panel says
Sign up for our daily newsletter here and for full access to analyst ratings, stock quant scores, dividend grades, subscribe to Seeking Alpha Premium at seekingalpha.com/subscriptions.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Tuesday, February 27th. I'm Julie Morgan. |
| 0:13.0 | Alibaba invests in moonshot AI. |
| 0:15.8 | Broadcom reportedly pulls back on its sale of Carbon Black, |
| 0:19.6 | and Wendy's is looking to be a pioneer in the fast food industry. |
| 0:24.0 | Alibaba is betting big on generative AI as it led a $1 billion funding round in Chinese |
| 0:30.7 | startup moonshot AI, valuing the AI player at around 2.5 billion dollars. |
| 0:36.7 | This is an eightfold increase compared to its initial financing round. |
| 0:41.1 | According to the South China Morning Post, |
| 0:43.5 | which is owned by Alibaba, |
| 0:45.4 | Moonshot's latest funding is the largest |
| 0:48.0 | raised by a Chinese AI startup, |
| 0:50.4 | since the launch of Open AIIs Chat GPT in 2022. |
| 0:55.0 | Other investors include Monolith Management and Hong Shan. |
| 0:59.0 | Moonshot released the Kimmy Chat Bot last year developed on its own large language model, |
| 1:04.4 | which can process as many as 200,000 Chinese characters in a context window. |
| 1:09.6 | It also launched an open platform for developers to build AI applications using the model. |
| 1:16.0 | Moonshot had raised $200 million from Hong Shan, an angel investor Jen Fund and its seed funding round last year valuing it at $300 million. |
| 1:26.8 | The latest investment highlights growing interest in generative AI startups in mainland China. |
| 1:32.8 | However, according to a previous New York Times report, |
| 1:35.8 | tech experts say China lags the US in Gen AI |
| 1:39.6 | by at least a year and may be falling further behind. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Seeking Alpha, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Seeking Alpha and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.