Everyone is talking about open-sourcing AI models， but few discuss the cost of actually deploying them. According to estimates shared in Kimi's official community， running Kimi locally in China could require 64 Nvidia H200 GPUs （if available）， 8TB enterprise SSD storage， liquid cooling， power infrastructure and engineering staff. Total costs could exceed $4.2 million-and still only serve a limited number of users. Open source does not mean free. Meanwhile， Moonshot AI is reportedly seeking a $50 billion pre-IPO valuation. The company needs to move quickly as the market reassesses AI valuations and the sustainability of the Anthropic-style business model.