- Moonshot has temporarily paused new subscriptions after demand for its new Kimi K3 model strained GPU capacity — current paid users remain unaffected and new spots will reopen as capacity is added.
- Kimi K3 is a 2.8‑trillion‑parameter open‑weight model that’s getting rave reviews (especially for coding/agent tasks) but is expensive to serve at scale.
- The startup is raising fresh capital and preparing an offshore unwind for a potential Hong Kong IPO, having engaged advisers like Goldman Sachs and CICC and been valued near $30 billion.
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