Moonshot AI, a Beijing-based startup founded in 2023, has released Kimi K3, which it describes as the world's largest open-weight AI model, adding fresh pressure to a broad selloff in technology and semiconductor shares. The model became available via API immediately on release around July 16, with the full model weights slated for public download by July 27. Reuters reported that the launch has been cited as one factor weighing on markets, as investors reassess valuations tied to sustained demand for AI infrastructure.
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