**China’s Moonshot AI raises $2B at $20B valuation as demand for open-source AI skyrockets** Moonshot's annualized recurring revenue topped $200 million in April, driven by rapid growth in paid subscriptions and API usage. Read more: https://techcrunch.com/2026/05/07/chinas-moonshot-ai-raises-2b-at-20b-valuation-as-demand-for-open-source-ai-skyrockets/