Moonshot's Kimi K3 AI model disrupts global markets, causing Alphabet's odds of being the second-largest company by market cap on July 31 to drop to 9.5% YES.

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.