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

OpenAI, Anthropic - overnight: Chinese startup Moonshot AI unveils Kimi model it says rivals OpenAI, Anthropic -Chinese startup Moonshot AI has released a new model that it says closes the Gap with leading U.S. systems. -Kimi K3 still trails Anthropic’s Claude Fable 5 and OpenAI’s GPT 5.6 SOL on overall performance, the company said, but consistently outperformed other tested models. -The release comes as the race for AI supremacy between the U.S. and China intensifies. CNBC - per Gary Black: U.S. stocks tumbled Friday as the global chipmaker selloff intensified, driven by Chinese startup Moonshot’s Kimi K3 AI model rivaling OpenAI and Anthropic. Investors fear the breakthrough echoes last year’s DeepSeek shock, questioning the justification for massive AI capital spending.

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OpenAI, Anthropic - overnight: Chinese startup Moonshot AI unveils Kimi model it says rivals OpenAI, Anthropic -Chinese startup Moonshot AI has released a new model that it says closes the Gap with leading U.S. systems. -Kimi K3 still trails Anthropic’s Claude Fable 5 and OpenAI’s GPT 5.6 SOL on overall performance, the company said, but consistently outperformed other tested models. -The release comes as the race for AI supremacy between the U.S. and China intensifies.

CNBC - per Gary Black: U.S. stocks tumbled Friday as the global chipmaker selloff intensified, driven by Chinese startup Moonshot’s Kimi K3 AI model rivaling OpenAI and Anthropic.

Investors fear the breakthrough echoes last year’s DeepSeek shock, questioning the justification for massive AI capital spending.