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Kimi K3, the Chinese AI that has put Silicon Valley on alert | Technology | EL PAÍS English

Published

26 July 2026

Topic

market

Sectors

AI Frontier Models

Geography

ChinaUnited States

Source

Read at english.elpais.com

Verified

Fusion42 · 26 July 2026 · Fusion42 review

Moonshot AI released Kimi K3, a 2.8-trillion-parameter open-source AI model that outperforms closed-source rivals like Claude Fable 5 and GPT-5.6 Sol on public benchmarks, whilst processing one million tokens per task and using selective parameter activation for efficiency. The release signals that US chip export restrictions have not halted Chinese AI progress, and raises questions about the pricing and competitive viability of proprietary models.

This Wire brief sits within Fusion42's coverage of AI Frontier Models. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.

◆ The Wire takeaway

If you're building on top of Claude or GPT, your cost structure just inverted. An open-source model now outperforms the closed ones you're paying for—and your customers will notice the price gap before you do.

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Topics

AI Frontier Modelsai-modelschina-us-competitionopen-source-vs-proprietarychip-sanctionsmodel-economics