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The Chinese artificial intelligence startup Moonshot has successfully completed another funding round, attracting over $300 million and raising the company’s valuation to $3.3 billion. Notable investors include major tech and financial firms such as Tencent, Alibaba, and Gaorong Capital. Tencent-Backed Everledger Faces Bankruptcy
Cai Yige, the former head of Tencent's blockchain business, has left the company to found web3 wallet Punk Code, following his departure at the beginning of the year. Meanwhile, Everledger, an Australian blockchain technology firm supported by Tencent, has filed for bankruptcy nd liquidation due to insufficient investor funds. ChatGPT and China’s AI: Advantages and Hidden Threats
Intense competition is heating up within the Chinese AI industry, with key players like Tencent, Alibaba, and Bytedance all vying for superiority. They're looking to challenge the dominance held by the American-developed ChatGPT, a product of OpenAI and Microsoft. 
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