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Market share of Moonshot AI's new products by end of 2024
3
Resolution / Starting Odds
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Market analysis reports, financial news outlets
Story
Top-Valued Chinese AI Startup Moonshot AI Enters U.S. Market with New Products, On Track for $3 Billion Valuation
Jun 20, 2024, 05:48 AM
Moonshot AI, one of China's top-valued AI startups, has recently entered the U.S. market with two new products: an AI role-play chat app and a music video generator. This move is part of a broader trend of Chinese AI startups expanding internationally, despite ongoing political tensions between the U.S. and China. Moonshot AI, which is on track for a $3 billion valuation, aims to tap into the growing demand for AI applications in the U.S. market. Another Chinese AI startup, MiniMax, has also expanded to the U.S., highlighting the competitive landscape and the strategic importance of the U.S. market for Chinese tech companies. This expansion also comes as Chinese startups face an escalating price war in their domestic market for LLMs and AI applications.
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