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The race to build the next big large language model is on, and now a contender out of China has reportedly banked a major round of funding to catapult it to the front of the pack. Moonshot AI, an artificial intelligence startup founded less than a year ago building LLMs that can handle long inputs of text and data, has raised over $1 billion in a Series B round, according to multiple media reports out of China. If accurate, this latest injection of capital would value Moonshot AI at $2.5 billion the largest single funding round for Chinese LLM developers on public record.

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