Markets experience new DeepSeek shock after MoonShot AI releases Kimi…

MoonShot AI released Kimi K3, an open-weight LLM matching Anthropic's Fable 5 performance at one-third the cost, accelerating China's AI capability timeline and triggering a broad selloff in semiconductor and AI stocks globally. If you sell AI compute, inference pricing just dropped 70% and the buyer now lives in Beijing, not San Francisco. If you're building on top of frontier models, you can now choose between Anthropic and a Chinese lab with the same performance—and the geopolitical risk is priced in.