US stocks take hit after China-based start-up's AI model debuts

Moonshot AI released Kimi K3, a 2.8 trillion-parameter open-source AI model from China that rivals OpenAI, Anthropic and other top U.S. systems in frontier AI benchmarks.

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

The Chinese startup called its AI model the “new frontier of intelligence.”

“K3 stands as Moonshot AI's most powerful open-source coding model to date,” Moonshot AI wrote in a press release.

Kimi K3 is designed for long-horizon coding, knowledge work and reasoning tasks, according to a blog post by Moonshot AI.

Kimi K3 drew excitement from industry insiders, with some evoking a 2025 release from China's DeepSeek that shook assumptions of US dominance in AI.

It's the latest AI model from China to close the performance gap with leading U.S. AI labs.

2.8-trillion-parameter model designed for frontier intelligence; Kimi K3 outperforms leading U.S. models, company says.

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

Moonshot AI's Kimi K3 boasts 2.8 trillion parameters, claims benchmark performance rivaling OpenAI and Anthropic. Here's what it means for the AI market.

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 AI's Kimi K3 model rattled global markets, sending rival AI stocks down as much as 27% while raising questions about AI sector valuations.

Chinese start-up Moonshot AI’s new Kimi K3 boasts a performance close to OpenAI and Anthropic’s latest models.

Moonshot AI launches Kimi K3 with 2.8 trillion parameters, rivaling top closed US AI models. Here's what it means for crypto and tech investors.

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

Moonshot's Kimi K3, a 2.8 trillion-parameter open-weight AI model, triggered a selloff in AI and semiconductor stocks reminiscent of the 2025 DeepSeek

Im KI-Wettlauf zwischen USA und China sorgt das chinesische Start-up Moonshot AI für einen erneuten „DeepSeek Moment“: Das AI-Modell „Kimi K3“ verunsichert US-Investoren und setzt…

Kimi K3 beats latest offerings by US rivals on some benchmarks

Moonshot AI's Kimi K3 model sent chip stocks tumbling and gave Wall Street a Friday it would rather forget.

Moonshot AI's Kimi K3 model rattled semiconductor stocks, dragging Bitcoin below $64K and crypto lower as fear grips markets ahead of the Fed meeting.