The Dark Side of the Moon is seeking to raise up to $2 billion at a valuation of $30 billion.

CoinFeed reported on June 8th that, according to Bloomberg, Chinese AI startup Moonshot AI is seeking to raise up to $2 billion in a new funding round, targeting a valuation of $30 billion. The company, which developed the Kimi chatbot, has already held preliminary talks with potential investors. This funding round comes as Moonshot AI is nearing the completion of a funding round led by Meituan, which valued the company at $20 billion. If the latest funding target is met, the company's valuation will increase sevenfold from $4 billion in December of last year. Moonshot AI's annual recurring revenue exceeded $200 million in April, and the company is dismantling its offshore structure in preparation for a Hong Kong IPO, planning to allow continued participation from overseas investors through a joint venture structure.