Quartz·1 min read·medium
China's Moonshot AI launched its largest model ever — and rival AI stocks plunged
✦AI Summary
Chinese AI startup Moonshot AI has released Kimi K3, a 2.8-trillion-parameter open-weight model that reportedly outperforms several U.S. competitors on benchmarks. The launch has triggered a decline in the stock prices of rival AI companies.
Kimi K3, a 2.8-trillion-parameter open-weight model, outperformed several leading U.S. systems on some benchmarks while pricing below top-tier American rivals
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