AIBullishTechCrunch – AI · May 77/10
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China’s Moonshot AI raises $2B at $20B valuation as demand for open-source AI skyrockets
Chinese AI startup Moonshot AI secured $2 billion in funding at a $20 billion valuation, capitalizing on surging demand for open-source AI solutions. The company's annualized recurring revenue reached $200 million in April, driven by strong growth in paid subscriptions and API usage, signaling robust commercial traction in the competitive AI market.