Technology

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

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

This article was originally published at: https://techcrunch.com/2026/05/07/chinas-moonshot-ai-rais...