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Chinese AI Models Match U.S. Performance With Open Access
Moonshot released Kimi 3 on July 16, a model that handles 2.8 trillion parameters and is the first open-source system to reach that scale. The release prompted commentary in U.S. markets and drew comparisons to closed models from Anthropic and OpenAI.
Jul 21, 3:00 PM·1m read1 source
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A Chinese company released an open-source AI model on July 16 that matches the reported scale of leading U.S. systems while allowing outside developers to download and modify its code. The model, named Kimi 3, was developed by Moonshot. The company states that the system can handle 2.8 trillion parameters.
No comparable figure has been disclosed for Claude 5, the model from Anthropic that Kimi 3 is positioned against.
3 is the first open model to reach this level of reported performance. Major U.S. developers have released closed models whose source code is not publicly available for modification. The release occurred during the World Artificial Intelligence Conference in Shanghai. A booth for Moonshot was present at the event.
U.S. markets registered the announcement.
The Nasdaq index declined following the July 16 release, according to reports covering the event. The company selected the international name Moonshot to convey broad goals. Its Chinese name references a Pink Floyd album.
