Chinese AI startup Moonshot pauses new subscriptions to its Kimi service after experiencing unusually high demand following the release of Kimi K3, multiple outlets report. Moonshot says the surge in user interest is creating “unprecedented compute challenges,” indicating that its computing capacity is strained and prompting the temporary halt. Reports also link the pause to broader business planning, including moves toward an initial public offering (IPO). Sources cited by one outlet say Moonshot is preparing for an IPO and is also pursuing additional funding. The Globe and Mail reports that Moonshot seeks up to US$2 billion in new capital, and notes that the company’s valuation reached about US$30 billion in June. Together, the coverage depicts a company balancing rapid uptake of a newly released model with operational limits, while simultaneously advancing corporate finance and public-market ambitions. The subscription pause is framed as a capacity-management step rather than a change in product direction.