China's AI Model Rattles Global Markets The recent release of Kimi K3 by Chinese AI startup Moonshot has sent shockwaves through global sharemarkets, wiping out trillions in market capitalization.
The sudden downturn is not just a result of the model's impressive capabilities but also reflects the shifting landscape of artificial intelligence and its implications for both Western and Eastern markets.
Kimi K3 is an open weight AI model that allows users to download and customize it at will.