China’s Moonshot AI gains on Anthropic, OpenAI with new low-cost model

Kimi K3 beats latest offerings by US rivals on some benchmarks Moonshot AI's booth is seen at the World AI Conference in Shanghai on July 17. (Photo by Itsuro Fujino) GUANGZHOU — Chinese artificial intelligence startup Moonshot AI said Friday it developed an AI model whose performance approaches that of the most advanced frontier models from the U.S., while saving on cost.

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