Deutsche Bank breaks down this latest technology format war for generalists...

Chinese company Moonshot AI released a new version of its Kimi model this week, prompting concern about "full AI communism."

Outperforming all rivals except the most powerful, Moonshot’s K3 proves open models can compete with closed ones for high-value tasks.

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.…