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One of China\u2019s most prominent AI labs, Moonshot AI, believes it can turn its popular open-weight model into serious sales growth. On Friday, Bloomberg reported<\/a> that the lab is targeting $2 billion in annualized revenue by the end of the year, double the company\u2019s reported revenue run rate for August. It\u2019s an aggressive goal that reflects the success of the company\u2019s K3 model since its release this summer.<\/p>\n While K3\u2019s usage figures have declined slightly in recent months, OpenRouter data<\/a> currently shows as many as 300 billion tokens being generated each day by K3 models on the system.<\/p>\n Moonshot\u2019s projected revenue is still dwarfed by that of OpenAI and Anthropic, which recent reports put at $40 billion<\/a> and $65 billion<\/a>, respectively. Because Moonshot\u2019s model weights are freely available, the company has far lower margins than its closed-weight competitors. The rising projections show there\u2019s still money to be made from open-weight AI models, even if they\u2019re not as lucrative as closed-weight frontier models.<\/p>\n Still, Moonshot\u2019s model development practices remain controversial \u2014 if not downright illegal. Earlier this week, Anthropic accused the company<\/a> of a long-running model distillation campaign that routed nearly 300,000 requests from Kimi directly to Claude Opus, effectively serving Opus in place of Kimi\u2019s own models. In total, more than 23 million responses were collected from Anthropic models for use in Moonshot\u2019s training, the company alleged.<\/p>\n<\/div>\n