News reporting focused on AI and machine learning, covering the companies behind these technologies, their real-world applications, and the ethical concerns they raise. This includes areas like generative AI (large language models, text-to-image and video), speech tech, and predictive analytics.
Kimi has released K3, a multimodal open-weight model with 2.8 trillion parameters and a one million token context window. In benchmarks, it approaches Claude Fable 5 and GPT-5.6 Sol but trails them slightly. Priced at $3 per million input tokens and $15 per million output tokens, K3 signals an end to ultra-cheap Chinese AI models, though it remains cheaper than top Western competitors.
Chinese AI startup Moonshot AI, developer of the Kimi chatbot, is aiming for a valuation of up to $30 billion in a new funding round. The company is looking to raise between $1 billion and $2 billion, more than six times its late-2025 worth of $4.3 billion. Annual recurring revenue has doubled to roughly $200 million by April.