| Mobile Web

Search results for Moonshot

AI & Enterprise

Moonshot AI files confidential for Hong Kong IPO as Kimi K3 boosts profile; valuation of $50 billion cited

China AI startup Moonshot AI has filed a confidential application for an IPO in Hong Kong, seeking to raise funds for rapid business expansion. Sources said it is targeting a listing as early as the first quarter of 2027, though timing could change depending on regulators and market conditions. The company is also pursuing a final funding round that could value it at about $50 billion. Moonshot AI recently unveiled its flagship Kimi K3 model.

AI & Enterprise

AI token price index hits record low amid intensifying competition

A key benchmark tracking prices for AI tokens hit a record low this week, a sign that the downtrend is continuing as competition intensifies in the AI industry, CNBC reported. SiliconData’s LLM Token Spend Index fell to 97 cents on Aug. 31, its lowest level since the index was launched late last year and more than halved from a summer peak. Falling token prices reduce chatbot costs but can weaken developers’ pricing power.

AI & Enterprise

Bae Gyeong-hun calls for AI as national growth engine, presents Korea strategy at G20

Bae Gyeong-hun (배경훈), South Korea’s deputy prime minister and science minister, shared Seoul’s policy direction to foster AI as a driver of national innovation and economic growth at a G20 innovation ministers’ meeting. The ministry said Bae attended as South Korea’s lead representative in Chapel Hill, North Carolina. He outlined expanded basic research investment, steps to streamline R&D, and initiatives including the SEED and K-Moonshot projects, as well as plans to broaden AI use and train talent.