The Chinese startup unveiled Kimi K3 on Friday, a model that it says delivers performance that rivals top-tier offerings from OpenAI and Anthropic PBC at a fraction of the cost. As investors drew comparisons with last year’s “DeepSeek moment,” IG market analyst Tony Sycamore said $314 billion has been wiped from the company’s valuation estimates for the two unlisted US firms.

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