China’s Moonshot AI raises $2B at $20B valuation as demand for open-source AI skyrockets
China's Moonshot AI closed a $2B funding round at $20B valuation, reaching $200M annualized revenue, reflecting surging demand for their open-source AI models.
Excerpt
Moonshot's annualized recurring revenue topped $200 million in April, driven by rapid growth in paid subscriptions and API usage.
Read at source: https://techcrunch.com/2026/05/07/chinas-moonshot-ai-raises-2b-at-20b-valuation-as-demand-for-open-source-ai-skyrockets/