Moonshot AI aims to achieve an annual revenue of 2 billion dollars by the end of the year

Chinese artificial intelligence company Moonshot AI aims to increase its annualized revenue to $2 billion by the end of this year, intensifying competition against rivals like Anthropic and Z.AI with breakthroughs from the Kimi K3 model.

Insiders say the company recently informed investors that its annual recurring revenue exceeded $1 billion in August, up from $300 million in June. This leap was driven by the large-scale Kimi K3 model released in July, which ranked highly in performance benchmarks and is significantly cheaper than major competitors in the United States.