Kimi K3 Shakes Up AI Market | Business and Finance News

Moonshot AI, backed by Alibaba, just unleashed Kimi K3 — an AI model that’s crushing benchmarks, outpacing giants like Claude Opus and GPT-5.5 while costing far less. Set to launch under a free-access license for smaller labs, it’s reigniting global market jitters. Stocks in semiconductors and AI took heavy hits — Taiwan down 6%, Japan 4%, Nasdaq its worst session this week — echoing the DeepSeek R1 shock from January that hammered Nvidia. Wall Street’s not surprised: Chinese AI’s steady climb in size, performance, and affordability is now confirmed. Moonshot’s valuation skyrocketed from $2.5B to $31.5B after Alibaba’s $1B investment, and they’re already quietly powering U.S. developer tools. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1ad131ea8ccd6ace