Bitcoin

The AI funding boom is diverting institutional and retail attention away from crypto, reinforcing the current 'AI summer, crypto winter' narrative. However, the convergence of AI and blockchain (e.g., decentralized compute, data markets) means this capital could eventually flow into AI-crypto hybrids if regulatory clarity improves.

Moonshot AI, the Beijing-based developer of the Kimi chatbot, is in talks to raise $1 billion or more in a new funding round that could value the company at $30 billion, up from a $20 billion valuation in a recent round.