China's Moonshot AI Unveils Kimi K3: World's Largest Open-Source Model Triggers Global Chip Selloff
Posted on 19th Jul 2026 06:06:54 in Artificial Intelligence, Machine Learning
Tagged as: Moonshot AI, Kimi K3, China AI, semiconductor, Nvidia, chip selloff, open source, LLM, Apple, AI race
Beijing startup Moonshot AI released Kimi K3, the world's largest open-source AI model, claiming it outperforms OpenAI and Anthropic on coding benchmarks. The surprise launch triggered a global semiconductor selloff, pushing the PHLX index into bear market territory and briefly toppling Nvidia from its position as the world's most valuable company.