Moonshot seeks $30B valuation despite DeepSeek’s price war
moonshot ai is pursuing a $30b valuation to fuel its kim chatbot, doubling revenue to $200m, but faces fierce price competition from deepseek.
moonshot ai, backed by alibaba, is targeting up to $2b in funding at a $30b valuation as it preps for a hong kong ipo, marking a massive jump from its $4.3b late-2025 valuation. while its kimi k2.6 model reportedly matches gpt-5.4 on coding benchmarks, the firm faces a hostile environment where deepseek v4-pro offers larger, cheaper open models. this valuation challenge tests whether premium chinese ai labs can justify high prices against commoditizing open-source rivals.