Kimi-maker Moonshot AI targets $2 billion in annual revenue

Moonshot AI, maker of the Kimi/K3 models, is targeting $2 billion in annual revenue, per TechCrunch. Usage of its K3 models has declined slightly in recent months, though OpenRouter data shows K3 models still generating as many as 300 billion tokens per day on the platform.

Why it matters: It's a concrete revenue and usage benchmark for one of China's leading open model makers, useful for tracking how Chinese labs are monetizing and competing against Western frontier models despite softening usage figures.