Moonshot AI’s Kimi K3 is very good — but the hype may be getting ahead of reality. (For now.)

Moonshot's Kimi K3 beat Claude Fable 5 and GPT 5.6 in some benchmarks... and it's an open model.

Kimi K3's early performance is fueling alarm in Silicon Valley and Washington.

Kimi's K3 model has caught up to the American frontier.

Moonshot AI's latest model is impressing developers with its coding skills, low API costs, and open-weight strategy.

By Christine Ji and Hannah Pedone