Moonshot AI founder’s dispute with 5 investors up for arbitration in Hong Kong

Quick Summary:

The five firms that invested in Moonshot AI founder Yang Zhilin’s last venture, Recurrent AI, claim he has uncleared liability’.

Zhu said protocols, such as shareholders’ resolution to approve a liability waiver, were not faithfully followed.

One of China’s leading AI unicorns, Yang’s Moonshot AI is valued at more than US$3 billion.

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Article Details

Author / Journalist: Ben Jiang

Category: Technology

Markets: Hong KongChinaMali

Topics: Ventures Yang’s Other Moonshot Recurrent Yang Statement China’s Four China Firms

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-10 @ 09:00:17 (2 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 216 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 24304302

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