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

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

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Moonshot's annualized recurring revenue topped $200 million in April, driven by rapid growth in paid subscriptions and API usage.

Source: https://techcrunch.com/2026/05/07/china ... kyrockets/
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