Moonshot AI executives in talks to settle shareholder dispute ahead of Hong Kong IPO
Photo: Crypto Briefing
The Beijing AI startup's CEO and CTO are negotiating with former Recurrent.ai investors as the company prepares a listing that could raise $3 billion to $5 billion Moonshot AI wants to go public in Hong Kong. First, it has some old business to clean up. Executives at the Beijing-based artificial intelligence startup are in talks to settle a legal dispute with a shareholder before the company’s planned Hong Kong IPO. The mess in question carries a price tag that could exceed $700 million. The arbitration involves two of Moonshot’s top leaders: CEO Yang Zhilin and CTO Zhang Yutao.
Source: Crypto Briefing
