Moonshot AI Executives Negotiate Settlement With Recurrent

Recurrent alleges Moonshot executives diverted technology and business, and says data was transferred in 2023 and deleted in 2024. The companies are negotiating a settlement ahead of Moonshot’s planned Hong Kong IPO. Reuters could not independently verify the allegations. Recurrent received 9.5% of Moonshot’s original shares and seeks compensation equivalent to another 10.5%, potentially worth over $700 million.