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China’s Powerful New AI Surprises Investors, Fueling Tech Rout
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July 18, 2026
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1:18Now PlayingMoonshot's new Kimi K3 model rivals the strongest offerings from OpenAI and Anthropic PBC, sparking concerns about the industry's spending spree. #china #ai
The launch of K3 has led to worries that US companies may use Chinese models more and invest less in Anthropic, affecting chip demand.
The release of Kimi K3 has intensified competition in China's AI sector and raised concerns about the position of Chinese rival Z.AI, with some investors calling the new model "brilliant" and a significant improvement over other Chinese models.
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