China-based Moonshot AI seeks $50B valuation — and could go public this year: report

China-based Moonshot AI, founded in 2023 by Carnegie Mellon-trained AI researcher Yang Zhilin, is seeking a $50B valuation and could go public this year. The company gained attention with the release of Kimi K3, a large-language model trained on 2.8 trillion parameters, making it the largest open-source model ever released.