Moonshot’s upcoming Kimi 3 is expected to close the gap with Anthropic’s Opus 4.8

Chinese AI lab Moonshot AI is preparing to release its Kimi K3 model, which aims to compete with top-tier models from Anthropic and OpenAI. The company is also reportedly seeking a valuation of $31.5 billion.
Why it matters
The rapid advancement of Chinese AI models challenges the dominance of US-based tech giants and fuels the global debate over open-source versus closed-source AI.
The latest iteration of Chinese AI lab Moonshot AI’s Kimi model series is expected to perform at par with or even surpass Anthropic’s Opus 4.8, the Financial Times reported , citing anonymous sources.
The report focuses on industry news and market competition without taking a stance on the geopolitical implications.
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