markets are calling this the Kimi moment a repeat of DeepSeek Kimi K3 dropped yesterday from China's Moonshot AI. today : → AI + semiconductor stocks fell sharply worldwide → chinese AI rivals got hit too : https://t.co/tb6o8I6Zxh -27%, MiniMax -16% → 2.8T params, beats Anthropic's Opus 4.8, priced 40% below GPT-5.6 Sol → open weights release july 27 — free, self-hostable, no US API needed this lands the same day Shanghai's World AI Conference opens with Xi attending in person for the first time ever wall street's question - if a chinese lab can ship frontier AI this cheap, was the US AI spending story overbuilt ?
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