The number in Moonshot AI’s latest round that ought to hold your attention is not the $3.5 billion raised, or the $35 billion valuation, but the gap between what the company set out to raise and what it actually pulled in. Bloomberg reports the Beijing-based startup originally targeted between $1 billion and $2 billion and closed at roughly double the top of that range. That is what oversubscription looks like when investors are afraid of missing the wave. The wave, in this case, is Kimi K3. Moonshot’s annual recurring revenue reportedly jumped to $300 million in June, up from $100 million in March, a tripling in three months that maps neatly to the K3 launch. If those figures hold, Moonshot is one of the very few Chinese labs with a paying-customer story to tell alongside the model-quality story. submitted by /u/Justgototheeffinmoon
Originally posted by u/Justgototheeffinmoon on r/ArtificialInteligence
You must log in or # to comment.