Business & Enterprise
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3 min read
China's Moonshot AI Raises $2 Billion at $20 Billion Valuation as Open-Source Demand Surges
Moonshot AI, developer of the open-weight Kimi model series, closed a $2 billion round led by Meituan's venture arm — reaching $200 million ARR as global demand for open-source AI alternatives accelerates.
15h ago