The AI startup Moonshot AI is preparing for an initial public offering on the Hong Kong stock exchange, according to Bloomberg. The project is currently seeking approval from shareholders, including the largest Chinese internet company, Meituan.
At the same time, Moonshot AI is finalizing a funding round that could elevate the startup's valuation to over $30 billion. Experts attribute the project's accelerated growth to the demand for its open model, Kimi K3. Previously, due to capacity constraints, the developers temporarily halted new subscriptions.