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China's Moonshot pauses Kimi subscriptions amid hot demand, IPO push

Reuters · July 20, 2026

Chinese AI firm Moonshot has temporarily paused new subscriptions for its Kimi K3 model after surging user demand strained computational capacity, the company said July 20. Moonshot said it will reopen subscription spots in batches as capacity allows. The pause comes as the company prepares for an IPO and seeks to raise up to $2 billion.

Quwwaa's summary, drawn from reporting by Reuters. Read the full story at Reuters →

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