US-China AI Race Heats Up as Chinese Rivals Secure Billions Ahead of IPOs
Key Highlights Chinese AI firm DeepSeek is closing in on a massive funding round between $12 billion and $15 billion backed by Tencent and CATL, targeting an early 2027 IPO. Kimi chatbot maker Moonshot AI has completed its final private round at a $50 billion valuation and plans a Hong Kong public listing in Q1 ...