Chinese AI Startup Hits $35B Overnight, Kimi K3 SOLD OUT Users In Days news technology china ai [4OXPLEg6jWZ]
A Beijing AI lab called Moonshot just closed one of the largest funding rounds ever raised by a Chinese AI company, and it happened because its newest model broke under the weight of its own demand. Kimi K3 launched as the largest open source AI model in the world, built on two point eight trillion parameters with a one million token context window, and within seventy two hours the surge of new users forced the company to pause signups just to keep existing customers online. In under seven months, Moonshot's valuation climbed from four billion dollars to thirty five billion, and the company is now preparing a Hong Kong stock market listing at a fifty billion dollar valuation. This is what it looks like when an open source AI model outpaces the infrastructure built to run it. Search terms for discovery include Kimi K3, Moonshot AI, Chinese large language model, open source AI model, Hong Kong AI IPO, AI valuation surge, and Chinese AI funding boom. Follow for the technology stories landing in China before they reach anywhere else.