00:00Big news out of the World AI Conference in Shanghai.
00:03More than 300 global product debuts here, but one of the most consequential is behind me, Kimi K3.
00:09This is the new model created by the Chinese startup Moonshot AI.
00:13It's the largest AI model that China has to date, 2.8 trillion parameters.
00:19The company says it outperforms all rivals except for Anthropics' Fable 5 and OpenAI's GPT 5.6.
00:27So that's created a tech route in Asia and the U.S.
00:32As investors now are reassessing whether the CapEx by the big U.S. hyperscalers and the South Korean giants like
00:39Samsung and SK Hynix is justified.
00:41It looks like these Chinese AI models are closing the gap with the U.S. much faster than expected, despite
00:47not being able to access the most advanced NVIDIA chips.
00:51And they are mostly selling at a fraction of the cost of U.S. AI models, even though Kimi AI
00:57is priced at a premium to other Chinese models.
01:01As some investors are saying, this could be a second deep-seek moment in China.
01:06And the world might need to get ready for China's shop 3.0.
01:11And the world might need to get ready for China's shop 3.0.
01:11A part of the world might need to get ready for China's shop 2.0.
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