Get the latest tech news

China’s Moonshot AI raises $2B at $20B valuation as demand for open source AI skyrockets


Moonshot's annualized recurring revenue topped $200 million in April, driven by rapid growth in paid subscriptions and API usage.

None

Get the Android app

Or read this on TechCrunch

Read more on:

Photo of China

China

Photo of Demand

Demand

Photo of 20B valuation

20B valuation

Related news:

News photo

U.S. and China Pursue Guardrails to Stop AI Rivalry From Spiraling Into Crisis

News photo

Samsung halts all home appliance sales in China as pivot to AI accelerates

News photo

Humanoid Robots to Drive Next Leg of China Export Dominance