WS #12287
Moonshot AI's Kimi K3 model, a 2.8-trillion-parameter open-weight model, has revived fears of Chinese AI competitiveness, triggering a broad tech selloff and comparisons to the DeepSeek January 2025 shock. Meta is in talks to lease computing power to Anthropic in a potential $10 billion deal, underscoring AI compute scarcity and creating a potential new revenue stream for Meta.
Tech selloff on Chinese AI model
Moonshot AI's Kimi K3 model, a 2.8-trillion-parameter open-weight model, has revived fears of Chinese AI competitiveness, triggering a broad tech selloff and comparisons to the DeepSeek January 2025 shock.
Meta is in talks to lease computing power to Anthropic in a potential $10 billion deal, underscoring AI compute scarcity and creating a potential new revenue stream for Meta.