{"version":"1.0","type":"card","id":"bc5e3667-6ecc-4c61-8572-bd8097ecc94e","url":"https://stacklist.com/card/bc5e3667-6ecc-4c61-8572-bd8097ecc94e","title":"Moonshot AI raised $3.5B at a $35B valuation - and is already raising at $50B","source_url":"https://ca.finance.yahoo.com/news/china-moonshot-ai-passes-funding-081902952.html","note":"Beijing-based Moonshot AI closed a $3.5B round at a $35B valuation on July 29, far above the $1-2B it initially targeted. China's National Artificial Intelligence Industry Investment Fund, a state vehicle that also backs DeepSeek, was among the lead investors. The round rode the reception of Kimi K3, the 2.8-trillion-parameter open-weight model that anchored issue #020. Moonshot is reportedly already approaching backers for a further round at a $50B pre-money valuation ahead of a possible Hong Kong listing. The competitive pressure behind the price cut is a state-backed balance sheet, not a hobbyist movement.","image":{"url":"https://ucarecdn.com/400bd124-3fc8-4a2f-a482-9bd27fd39fbb/","alt":"Moonshot AI raised $3.5B at a $35B valuation - and is already raising at $50B","width":1280,"height":800},"stack":{"id":"b29a0779-37ee-4177-95ec-7026903a8847","title":"Signals Served #022 - The Price Stopped Being a Cost","url":"https://stacklist.com/c/finance/stack/b29a0779-37ee-4177-95ec-7026903a8847"},"created_at":"2026-08-04T01:47:02.645Z","updated_at":null,"aco":{"summary":"Moonshot AI, a Beijing-based startup, closed a $3.5 billion funding round at a $35 billion valuation, surpassing its initial $1-2 billion target. The company is already seeking a new round at a $50 billion pre-money valuation ahead of a planned Hong Kong IPO, buoyed by the breakout success of its Kimi K3 model.","tags":["ai-funding","moonshot-ai","large-language-model","china-ai","venture-capital","open-weight","ipo"],"key_entities":[{"name":"Moonshot AI","type":"organization","confidence":1},{"name":"Kimi K3","type":"technology","confidence":0.99},{"name":"Beijing","type":"location","confidence":0.97},{"name":"Bloomberg","type":"organization","confidence":0.98},{"name":"Anthropic PBC","type":"organization","confidence":0.95},{"name":"OpenAI","type":"organization","confidence":0.95},{"name":"Nvidia Corp.","type":"organization","confidence":0.95},{"name":"Hong Kong","type":"location","confidence":0.93},{"name":"Silicon Valley","type":"location","confidence":0.9},{"name":"open-weight model","type":"concept","confidence":0.92},{"name":"distillation","type":"concept","confidence":0.88},{"name":"DeepSeek moment","type":"event","confidence":0.85},{"name":"China","type":"location","confidence":0.97}],"classification":"analysis","language":"en","confidence":0.85,"provenance":{"model":"claude-sonnet-4-6","tool":"@stacklist/mcp-server@2.0.0","confidence":0.85,"timestamp":"2026-08-04T01:47:12.335Z"},"token_counts":{"approximate":803,"cl100k":654},"content_hash":"sha256:2d11f23b726a2b7ed37d8fc3f71637737c1c7bcd0f8825605b4b0d96c9ec90d3","acp_version":"0.2","body_available":true,"body_tokens":803,"visibility":"public","agent_accessible":true,"status":"final"},"_links":{"self":"/api/public/card/bc5e3667-6ecc-4c61-8572-bd8097ecc94e.json","html":"https://stacklist.com/card/bc5e3667-6ecc-4c61-8572-bd8097ecc94e","md":"/api/public/card/bc5e3667-6ecc-4c61-8572-bd8097ecc94e.md","stack_json":"/api/public/stack/b29a0779-37ee-4177-95ec-7026903a8847.json"}}