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.

Cursor admits its new coding model was built on top of Moonshot AI’s Kimi

Building on top of a Chinese model feels particularly fraught right now.

Anthropic accuses Chinese AI labs of mining Claude as US debates AI chip exports

Anthropic accuses DeepSeek, Moonshot, and MiniMax of using 24,000 fake accounts to distill Claude’s AI capabilities, as U.S. officials debate export controls aimed at slowing China’s AI progress.

China’s Moonshot releases a new open-source model Kimi K2.5 and a coding agent

The company said that the model was trained on 15 trillion mixed visual and text tokens.