Chinese artificial intelligence company Moonshot AI is aiming to lift its annualized revenue to $2 billion by the end of this year, according to a ChainCatcher report. The company is also using the momentum from its Kimi K3 model to step up competition with rivals including Anthropic and Z.AI. People familiar with the matter said Moonshot AI recently told investors that its annual recurring revenue had surpassed $1 billion in August, up from $300 million in June. The jump was attributed to the release of the large-scale Kimi K3 model in July. The report said the model ranked near the top in performance benchmark tests while coming in at a cost far below major U.S. competitors. The update points to a sharp revenue increase over a short period as the company pushes its latest model into the market.
Chinese artificial intelligence company Moonshot AI is targeting $2 billion in annualized revenue by the end of this year, according to ChainCatcher. The company is also leaning on breakthroughs tied to its Kimi K3 model to intensify competition with rivals including Anthropic and Z.AI.
People familiar with the matter said Moonshot AI recently told investors that its annual recurring revenue had exceeded $1 billion in August, up from $300 million in June.
The increase was driven by the July launch of the large-scale Kimi K3 model. The report said the model ranked near the top in performance benchmark tests and came at a cost far below major U.S. competing products.
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