Kimi seeks up to $2 billion in funding at a $30 billion valuation

Odaily Planet Daily News: AI startup Moonshot AI is seeking to raise up to $2 billion in a new funding round, which would value the company at $30 billion. Moonshot AI has already begun early-stage negotiations with potential investors, planning to raise over $1 billion. Meanwhile, the company is nearing the completion of a funding round led by Meituan at a $2 billion valuation.

As of April, Moonshot AI's annual recurring revenue has exceeded $200 million, driven by increased demand for its Kimi chatbot and large language models. Additionally, the company is dismantling its overseas structure to pave the way for an initial public offering in Hong Kong, and plans to establish a joint venture structure to allow foreign capital to participate. The company recently launched Kimi Work, a general-purpose AI agent based on its K2.6 series model. (Bloomberg)