Company record

Moonshot AI

multinational artificial intelligence company

Founded: 2023
Headquarters: Beijing, People's Republic of China
Industry: Artificial Intelligence (AI)
Website: https://www.moonshot.ai/

Timeline

Moonshot AI reportedly targets $50 billion valuation in final pre-IPO round

Moonshot AI, developer of the Kimi chatbot, reportedly plans to begin talks in August for a final pre-IPO funding round targeting a pre-money valuation of up to $50 billion, with a potential Hong Kong listing within six months. The company's annual recurring revenue reached $300 million in June, up from $100 million in March. Moonshot released Kimi K3 on July 17 and paused paid subscriptions for new consumer users two days later after demand exceeded available capacity.

Moonshot AI releases Kimi K3, a 2.8T-parameter open-weights model

Moonshot AI launched Kimi K3 as a frontier-class open-weights model with 2.8 trillion total parameters, 1M-token context, native multimodal input, and open weights promised by July 27, 2026. The model is live on Kimi.com, Kimi Work, Kimi Code, and API. According to Artificial Analysis, K3 ranks at 57 on the AA Intelligence Index, comparable to Opus 4.8 and GPT-5.5, and achieved #1 in Frontend Code Arena with 1679 points and a 76% pairwise win rate.