- Moonshot AI wants a valuation of $30 billion, up from $4 billion six months ago.
The startup behind the Kimi chatbot announced a funding round that could bring in as much as $2 billion. If investors agree to the proposed terms, the company’s market cap would jump seven‑fold since December. Bloomberg cited the plan, but details on investors or timing remain sparse.
The ask signals how aggressively Chinese AI firms are chasing scale, trying to outpace rivals in a market where headline numbers attract state‑backed capital. It also puts pressure on global peers to justify their own valuations, which have been buoyed by hype more than profit.
Even if the round materialises, the valuation leap may reflect optimism rather than proven revenue – a reminder that not all unicorn growth is sustainable.