Moonshot AI, the maker behind the world’s largest open-weight AI model, has reportedly closed a $3.5bn funding round at a $35bn valuation.

“The AI ecosystem in China is probably much better than people thought."

It is now reaching out to potential backers for a new funding round at a US$50 billion pre-money valuation. Read more at straitstimes.com. Read more at straitstimes.com.