Chinese startup Moonshot AI unveils Kimi model it says rivals OpenAI, Anthropic

Moonshot AI, a Chinese startup, released its Kimi K3 model, which it claims performs competitively with leading AI systems from OpenAI and Anthropic, though it still trails their most advanced offerings overall. The model, containing 2.8 trillion parameters (adjustable numbers that determine how an AI model behaves), achieved strong performance on benchmarks despite hardware constraints in China. This release reflects intensifying competition between U.S. and Chinese AI companies, as Chinese models are becoming cheaper alternatives and gaining adoption among Western businesses.