Saturday, 12 September 2026 No. 18 Updated
THE VISSION
The daily record of artificial intelligence

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Unicorn Revenue

Moonshot AI targets $2 billion annualized revenue run rate by end of 2026

The Kimi chatbot maker experiences explosive growth following its 2.8 trillion parameter Kimi K3 open-weight model release, preparing for a Hong Kong IPO.

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The short version
  • Beijing-based Moonshot AI is aiming for a $2 billion annualized recurring revenue run rate by the end of December 2026.
  • The company's annualized revenue reportedly surged from $300 million in June to over $1 billion in August following the Kimi K3 open-weights release.
  • Moonshot is in active revenue-sharing talks with global cloud providers and is preparing for a late 2026 initial public offering in Hong Kong.

The Kimi chatbot maker experiences explosive growth following its 2.8 trillion parameter Kimi K3 open-weight model release, preparing for a Hong Kong IPO.