Company
Moonshot AI
ModelOpen-Weight LabBeijing
46/100
↘ -24.3 (7d)
Executive summary
Moonshot AI's first Signal Score run reflects a company on a genuine growth run, tempered by one development too new to call clearly good or bad yet: a roughly tenfold valuation jump backed by real reported revenue growth is unambiguously positive, while its unprecedented hosting-revenue-share ask of three US hyperscalers is a bold commercial move whose outcome isn't settled. First real run — signalDelta is 0.0 because there's no prior score yet to compare against.
Timeline
Oct 29
The Information reports that Moonshot and DeepSeek trained their newest models, including Kimi K3.1 Pro, largely on output distilled from OpenAI's GPT-6 Astra, extending a pattern of distillation accusations OpenAI and Anthropic have leveled at Chinese labs since February; Moonshot has not responded and the claim is unverified by outside parties.
Oct 28
Kimi K3.1 Pro slides from 4th to 9th on Artificial Analysis's revamped Intelligence Index v5 as roughly 60% of the benchmark shifts to new private test sets; remains the top-ranked model among those with released weights, with full weights still due Nov 4.
Oct 26
Cuts Kimi K3.1 Pro input/output token prices by about a third versus its predecessor, but independent third-party testing finds the model runs slower and far more verbose, largely erasing the real-world cost savings the headline price cut implies.
Oct 17
In talks since late August with Microsoft, Amazon, and Google to host its Kimi K3 model on their clouds in exchange for up to 30% of resulting service revenue — an unprecedented hosting-revenue-share ask from a Chinese open-weight lab, as Kimi K3 and four other Chinese models hold OpenRouter's top usage slots for a third straight month.
Oct 7
Moves into pre-IPO financing at a roughly $50 billion valuation — up from $4.3 billion a year earlier — and begins early investor outreach for an early-2027 Hong Kong listing, as reported annualized revenue jumps from about $300 million in June to more than $1 billion in August.