Day: 20 February 2024

China’s Moonshot AI raises over $1 billion, hits $2.3 billion valuation within a year

Founded only a year ago, China’s notable AI startup Moonshot has already managed to reach a total valuation of $2.3 billion following a successful Series B funding with significant investors. According to Chinese online media outlet LatePost, Moonshot AI has […]

Microsoft is investing billions to build an AI infrastructure in Spain, shortly after Germany

A few days ago, Microsoft announced a major investment in Germany to expand its AI network and now it’s turning its focus on Spain. The Windows maker has now committed to invest a total of $2.1 billion in Spain over […]

Reddit is capitalizing on AI boom with new $60 million content deal for AI training

Reddit will allow an unnamed company to use the social media platform’s content to train its artificial intelligence (AI) models as part of a new contract worth $60 million, according to a new report from Bloomberg citing people familiar with […]