Demand for Kimi K3 pushed Moonshot’s GPUs to their limit within 48 hours, so the Chinese lab paused new subscriptions and split its plans into two tiers.

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.