Moonshot AI targets US$12 billion valuation as revenue surges for Kimi models
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Moonshot AI, a Chinese start-up, is targeting a valuation of up to US$12 billion after raising at least US$700 million in a new funding round. This follows a previous valuation of US$4.3 billion, driven by strong investor interest in China's AI sector. The company’s Kimi K2.5 model has gained recognition as one of the strongest open models globally, with overseas revenue now surpassing domestic revenue. The funding round is ongoing, and it remains uncertain if the target valuation will be achieved.
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