A Chinese open-source model just triggered another AI selloff. The panic says more about US spending than about Kimi.

The Next Web
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Moonshot's Kimi K3, a 2.8-trillion-parameter open AI model, contributed to a global tech and semiconductor market selloff alongside other factors like weak earnings and geopolitical tensions. The model's open availability raises concerns about the return on investment for major hyperscalers spending heavily on AI infrastructure, potentially impacting the broader economy.

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