API usage accounts for over 70% of the revenue
Taste Pays I hope they expand their compute. K3 will probably be sensational. Definitely a lab that makes a unique contribution to the entire industry.
Moonshot AI's Kimi has reportedly hit $300 million ARR as of mid-June, with API revenue exceeding 70% of total. A new funding round is underway at $31.5 billion pre-money, per Chinese financial media. Four months ago, the valuation was $10 billion.
Positive users praise Moonshot AI's Kimi for its strong ARR and valuation as proof that open models drive revenue accountability and enable rare hardcore outputs like K3, while some lament ongoing Nvidia reliance.
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Selling tokens and building the token machines are both going to be great businesses. I'm confident in more companies that build open models figuring out how to make money. Open models bring attention and attention is a funnel to revenue for many companies today.
Moonshot AI's Kimi has reportedly hit $300 million ARR as of mid-June, with API revenue exceeding 70% of total. A new funding round is underway at $31.5 billion pre-money, per Chinese financial media. Four months ago, the valuation was $10 billion.
@teortaxesTex K2 was a special model, and the only one that felt like that since R1.
@teortaxesTex 期待K3落地 这种硬核产出太稀缺了
@teortaxesTex Too bad still nvidiamaxxing
@natolambert open models forcing revenue accountability is actually a good thing. the raw compute arms race narrative needs this counterbalance.