• Recurrent.ai and some of its investors claim Moonshot executives diverted technology and business, people say
  • Beijing-based Moonshot AI rose to global prominence after releasing Kimi K3
  • Moonshot has confidentially filed for a Hong Kong IPO, people have said

Top executives of Chinese AI startup Moonshot are in talks ahead of its planned Hong Kong listing to settle a legal dispute with a shareholder ​demanding compensation for their alleged wrongdoing, people familiar with the matter said.

Recurrent.ai, a developer of AI software, and some of its investors have accused Moonshot CEO ‌Yang Zhilin and Chief Technology Officer Zhang Yutao of making false representations to Recurrent investors and enriching themselves at Recurrent's expense, according to a March 11 letter Recurrent's lawyers sent to Moonshot's investors, which was seen by Reuters.