Bloomberg NewsJul 18, 2026 – 4.25pmChinese startup Moonshot AI released a new artificial-intelligence model on Friday that drew global attention both for its powerful capabilities and for sending stock markets reeling around the world.The Beijing-based company’s Kimi K3 AI model delivers performance on industry benchmarks that rivals top-tier offerings from OpenAI and Anthropic, a surprising breakthrough for a firm that has operated in the shadow of local competitor DeepSeek.Bloomberg QuicktakeSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles