Moonshot AI will release the weights of its 2.8 trillion-parameter model, Kimi K3, which supports a 1 million-token context window. Moonshot AI plans to raise funds at a $50 billion valuation and is considering an IPO in Hong Kong. Bloomberg Intelligence stated that after the releases of Kimi K3 and Z.AI’s GLM-5.2, the share of open-source weight models from China in overall token usage rose to 68%.
Moonshot AI releases the Kimi K3 model with 280 billion parameters, targeting $5 billion in funding and a Hong Kong listing.
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Summary
Moonshot AI has released its Kimi K3 model with 280 billion parameters and a 1 million token context window, marking a significant development in AI and crypto news. The company is targeting a $500 billion valuation and is exploring options for an exchange listing in Hong Kong. Bloomberg Intelligence reported that Chinese open-source models now account for 68% of total token usage following the launches of Kimi K3 and Z.AI’s GLM-5.2.
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