![Alibaba Takes a $1bn Bet on AI, Leads Funding Round for Moonshot AI](https://metanews.com/wp-content/uploads/2024/02/EEC2A67D-D75B-45E1-B4BF-ED12BA5005B7-300x169.jpeg)
Alibaba Takes a $1bn Bet on AI, Leads Funding Round for Moonshot AI
Chinese e-commerce giant Alibaba Group has led a $1 billion funding round for AI startup Moonshot AI to boost generative AI in China. This becomes the latest in a string of sizeable investments by the group. As tech giants the