Published May 7, 2026 ยท Added May 11, 2026

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

TechCrunch reports that Moonshot AI raised $2 billion at a valuation above $20 billion, tying the round to fast-growing demand for its open source Kimi models and paid API usage.

TechCrunch reports that Moonshot AI raised $2 billion at a valuation above $20 billion, tying the round to fast-growing demand for its open source Kimi models and paid API usage.

Read the original story.

Source: Techcrunch