Meet Kimi K2, ChatGPT's New Competitor

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00:00DeepSeq and even ChatGPT have a new competitor, but no one outside of Silicon Valley is really

00:05talking about it. A little-known Chinese AI company, Moonshot, recently released another

00:11open-source AI model on the cheap that challenges Western dominance. A partner at a prominent

00:16Silicon Valley venture capitalist firm called it a turning point in AI. Kimi K2 Thinking is

00:21actually ranked higher than DeepSeq on Artificial Analysis Intelligence Index, an independent

00:27ranking of models. And by some measures, it even outperformed ChatGPT. But Kimi K2's reception is a

00:33far cry from China's DeepSeq moment, which rattled stock markets and lost NVIDIA almost $600 billion

00:39in a single day. So here's my question. Have we already reached a point where matching the best

00:45in AI on a shoestring budget is no longer a shock? The reporting floating around suggests that Kimi

00:51K2 costs around $4.6 million to train. That's even less than DeepSeq. And that's a lot of

00:57less than ChatGPT. So yeah, I'd say cheap Chinese AI might be the new normal. But if you look at the

01:03company's valuations, something doesn't quite add up. Despite Kimi K2's performance coming very close

01:09to ChatGPT's, Moonshot was most recently only worth $3.3 billion, compared to OpenAI's $500 billion.

01:18Even the nine-month-old startup from former OpenAI executive Mira Murati is reportedly in funding

01:23talks at $50 billion. Gaps like these make fears of an AI bubble seem pretty valid.