Moonshot denies rumors that founder Yang Zhilin and 16 employees were detained, files police report
Moonshot AI
A viral screenshot claimed Moonshot founder Yang Zhilin and 16 employees had been taken away by authorities. The company called the claim a malicious fabrication, said the information was entirely fabricated, and filed a police report against the rumor-mongers. The rumor spread days after reports of a potential $50 billion valuation and Hong Kong IPO plans.
Why it matters
Governance FUD against China's hottest open-weights lab right before a mega-IPO
Importance: 2/5
Governance FUD against a pre-IPO lab, officially denied