Chinese startup Moonshot AI has released Kimi K3, a 2.8-trillion-parameter Mixture-of-Experts model that claims class-leading results in coding and agentic tasks even as it trails the top US systems on overall performance. The model went live via API on July 16, 2026, with a full open-weights release scheduled for July 27, sharpening the debate over how quickly Chinese labs can close the gap with American frontier developers.
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