The surprising gains in performance have stunned some AI watchers and investors, fuelling a tech rout with echoes of the DeepSeek moment last year.

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

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

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

Kimi K3 beats latest offerings by US rivals on some benchmarks