BTC $65,078.93 -1.47%
ETH $1,881.19 -2.72%
BNB $566.54 -0.89%
XRP $1.11 -2.81%
SOL $76.00 -2.50%
TRX $0.3282 -0.12%
DOGE $0.0694 -4.69%
ADA $0.1688 -3.56%
BCH $211.81 -3.63%
LINK $8.49 -1.75%
HYPE $57.70 -2.50%
AAVE $95.97 -2.33%
SUI $0.7471 -2.50%
XLM $0.1822 -3.04%
ZEC $502.19 -1.96%
BTC $65,078.93 -1.47%
ETH $1,881.19 -2.72%
BNB $566.54 -0.89%
XRP $1.11 -2.81%
SOL $76.00 -2.50%
TRX $0.3282 -0.12%
DOGE $0.0694 -4.69%
ADA $0.1688 -3.56%
BCH $211.81 -3.63%
LINK $8.49 -1.75%
HYPE $57.70 -2.50%
AAVE $95.97 -2.33%
SUI $0.7471 -2.50%
XLM $0.1822 -3.04%
ZEC $502.19 -1.96%

api

An API (Application Programming Interface) is a communication interface between software applications that allows different systems or programs to interact and exchange data. In the field of blockchain and cryptocurrency, APIs are used to connect exchanges, wallets, blockchain nodes, and other services, providing real-time data access, trade execution, and account management functions. APIs are key tools for developers to build decentralized applications (dApps) and integrate blockchain services, facilitating interoperability and scalability within the ecosystem.
All
Article
Flash

The dark side of the moon accelerates capitalization, Kimi K3 rushes to a valuation of 50 billion dollars after its release

The Chinese AI large model company Dark Side of the Moon is accelerating its capitalization process, planning to start the final round of pre-IPO financing negotiations in August, with a target pre-investment valuation of $50 billion. Reports indicate that Dark Side of the Moon expects to complete a round of financing soon, corresponding to a valuation of approximately $31.5 billion. After completing this round of financing, the company will immediately engage in discussions for the next round of financing with potential investors, which may become its last private placement before entering the Hong Kong capital market.Market participants believe that if the financing plan proceeds smoothly, Dark Side of the Moon could initiate the process for a Hong Kong stock listing as early as this year. One of the key driving factors for this valuation increase is the company's recent release of the new generation large model Kimi K3. It is reported that Kimi K3 has a parameter scale of 28 trillion, supporting a context window of millions of tokens, making it one of the largest open-source models in the world by parameter scale. After the model was released, it quickly attracted market attention, prompting the company to adjust its new user subscription arrangements to ensure the user experience for existing customers.As the competition in generative AI enters a phase of comparison in computing power, user scale, and commercialization capabilities, large model companies are accelerating their search for capital support. Dark Side of the Moon's financing plan also reflects the market's ongoing interest in leading AI foundational model companies. However, the $50 billion valuation target also implies higher commercialization requirements. In the future, investors will focus on Dark Side of the Moon's revenue growth, control of computing costs, and whether the Kimi series models can form a stable business model. If the financing and listing plans proceed smoothly, Dark Side of the Moon may become an important case of capitalization for Chinese AI large model companies.

Reuters: The five major tech giants' AI investments are squeezing cash flow, and capital expenditures may exceed free cash flow by 2027

According to an analysis of LSEG consensus expectation data by Reuters, Microsoft, Alphabet, Amazon, Meta, and Oracle are facing cash flow pressures from AI investments. On the current trajectory, by 2027, the combined capital expenditures of these companies are expected to exceed their generated free cash flow. Data shows that these companies' annual operating cash flow in 2027 will increase by approximately $340 billion compared to 2025, but capital expenditures are expected to increase by about $534 billion, meaning that for every additional $1 in cash flow, an extra investment of about $1.57 is required.Among them, Oracle faces the most significant pressure, with its capital expenditures as a percentage of operating cash flow rising from 47% in the 2022 fiscal year to 174% in the 2026 fiscal year (ending in May), with total capital expenditures reaching $55.7 billion, while operating cash flow is only $32 billion. The company's stock price has already dropped 36% this year. Amazon also saw its free cash flow drop to $1.2 billion in the first quarter. Analysts point out that if AI fails to significantly drive revenue growth, expand profits, and improve cash flow in the next two to three years, the market will begin to question whether the investment cycle has been excessive. Alphabet will be the first to announce its earnings report this Wednesday, and the market will closely monitor whether its cloud and AI revenues can keep pace with the growth in expenditures.
app_icon
ChainCatcher Building the Web3 world with innovations.