China’s Moonshot AI releases Kimi K3, the largest open-source model ever, rivaling top U.S. systems

Moonshot AI, the Beijing-based artificial intelligence startup backed by Alibaba, on Thursday released Kimi K3 — a 2.8-trillion-parameter model that the company says is now the largest open-source AI model in the world, and one that benchmarks show performs neck-and-neck with the most powerful proprietary systems from Anthropic and OpenAI . The release, timed to land just ahead of the 2026 World Artificial Intelligence Conference in Shanghai, is a dramatic escalation in the global AI arms race a