Remember DeepSeek? The Chinese artificial intelligence startup that rattled the US tech industry? China may have done it again.

Kimi K3 beats most AI models, except OpenAI's GPT-5.6 and Anthropic's Claude Fable 5. Moonshot is now seeking a valuation of over $30 billion ahead of an IPO.

Kimi K3 and Qwen3.8 should come as no surprise.