00:00It's Benzinga bringing Wall Street to Main Street.
00:02Chinese startup Moonshot AI unveiled Kimi K3, its largest artificial intelligence model with
00:082.8 trillion parameters, according to CNBC. The company said K3 trails Anthropics' Claude
00:14Fable 5 and OpenAI's GPT 5.6 Sol in overall performance, but surpassed Claude Opus 4.8
00:22and GPT 5.5 on some coding and agent benchmarks. Bank of America analysts said the model shows
00:29China can achieve major gains through scaling and architectural innovation amid computing
00:34constraints. Moonshot raised $2 billion at a valuation above $20 billion in May. Shares
00:41of Chinese rivals Z.ai and Minimax fell 28% and 16% respectively after the release. Alibaba
00:49shares dropped 4% as analysts said K3 could challenge Quinn's position as an open source
00:55leader. For all things money, visit Benzinga.com.
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