The new model from Moonshot AI has revived doubts over Silicon Valley’s cost-heavy strategy, but analysts expect demand for compute to keep rising.

Moonshot's founder trained at Carnegie Mellon. Now his Kimi K3 model is beating U.S. giants at their own game — and making Silicon Valley sweat.

"Meanwhile, sentiment toward AI stocks and hyperscalers' capex binge keeps weakening..."

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.…

Will startup give AI industry another 'DeepSeek moment'?