The new model of Moonshot and the financing message came out at the same time. According to the Financial Times, Kimi 3 is expected to be released in the next few days and the model will be significantly scaled up with the goal of further narrowing the gap with closed-source models such as OpenAI and Anthropic.
Kimi 3
Kimi K2 recently performed well in the open source AI circle, with the benchmark test scores ahead. It was reported that Kimi 3 could be the largest open source weight model in China, with parameters ranging from 2 trillion to 3 trillion.
Finance valuation increase
According to the source, Moonshot is moving forward with a new round of financing, with a possible valuation of $31.5 billion. The company had just completed a $2 billion financing round in May of this year, with an estimated $20 billion.
Industry debate on warming
As the news came out, the market was also revisiting the value of fees for closed-source large models. Companies such as OpenAI and Anthropic continue to invest in high-calculation costs, and whether the data submitted by clients will be used for training purposes and become an industry concern.