China’s Moonshot AI raises $2B at $20B valuation as demand for open source AI skyrockets

• 💰 Moonshot hit a major financial milestone in April, with annualized recurring revenue (ARR) officially surpassing $200 million.
• 📈 The company's surge in earnings is being primarily driven by a rapid increase in paid user subscriptions.
• 🚀 Significant growth in API usage among developers has also played a critical role in scaling the firm's total revenue.