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

AI Summary

China’s Moonshot AI has successfully raised $2 billion, valuing the company at $20 billion, amidst a surge in demand for open-source AI technologies. This growth reflects the increasing investment landscape in the artificial intelligence sector.

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

Markets Deals AI & Tech China Moonshot AI investment open-source AI technology

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