AI Startup Roundup: Chinese LLM Startup Raises Over $1 Billion
Also - Capital raise for the startup behind Langchain
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Funding news
Moonshot AI
Beijing, China-based Moonshot AI is an AI startup developing large language models, similar to OpenAI. Last October, it unveiled its AI chatbot, Kimi Chat, built atop its own 100 billion parameter model Moonshot LLM. The chatbot has a context window of 200,000 Chinese characters.
The startup’s Chinese name is Yuezhi Anmian, according to the South China Morning Post.
Latest funding: More than $1 billion
Lead investors: Alibaba, HongShan (Chinese spin-off of Sequoia Capital in Silicon Valley)
Other investors: Whistler Capital Partners, Nashville Capital Network, Company Ventures and local angel investors
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Abridge
Pittsburgh, PA-based Abridge creates generative AI solutions for clinical documentation in health care. Its AI-powered platform turns patient-clinician conversations into structured clinical notes in real time.
Latest funding: $150 million, series C
Lead investor: Lightspeed Venture Partners
Other investors: Redpoint Ventures, CVS Health Ventures, IVP, Spark Capital, Union Square Ventures, Bessemer Venture Partners, Wittington Ventures, Mass General Brigham Artificial Intelligence and Digital Innovation Fund (AIDIF), Kaiser Permanente Ventures
Funding plans: Research into building foundation models based on multimodal health care data.
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Magic
San Francisco-based Magic is developing frontier-scale code models that it claims will create a true AI “coworker, not just a copilot.” On X, it tweeted that it is building an “AI software engineer.” The startup also said it has a model with a multimillion-token context window.