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Chinese AI Model Developer Kimi Raising Funds Valuing It At $20 Billion

Posted on May 7, 2026
By Forbes
0 Views
1 min read

Chinese AI Model Developer Kimi Raising Funds Valuing It At $20 Billion

Founded by Yang Zhilin, who made the Forbes 30 Under 30 Asia list in 2021, Kimi’s existing backers include Chinese tech giants Alibaba and Tencent. Its K2.6 model ranks among the world’s top three most popular AI models, according to OpenRouter.