BREAKING: Moonshot AI just raised $3,500,000,000 at a $35,000,000,000 valuation. Targeted $2,000,000,000. Got $3,500,000,000. ARR jumped from $200,000,000 in April to $300,000,000 in June. Daily sales up 6x since Kimi K3 launched. The state-backed National AI Industry Investment Fund, the same one behind DeepSeek, led the round. Already in talks for another round at $50,000,000,000 pre-money. Hong Kong IPO planned within six months. Kimi K3 tops Arena's Frontend Code Leaderboard. Ahead of Anthropic's Claude Fable 5 and OpenAI's GPT-5.6 Sol. At roughly 1% the cost of comparable US frontier models. Three years old. Founded in 2023. From $300,000,000 valuation to $35,000,000,000. Over 160x growth. The Chinese AI labs aren't chasing the frontier anymore. They're pricing it out of existence.
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