
Chinese AI Startup Moonshot Triggers Global Tech Selloff
A surprise breakthrough by Chinese AI startup Moonshot sparked a broad selloff in technology stocks as investors question the sustainability of massive industry spending.

A surprise breakthrough by Chinese AI startup Moonshot sparked a broad selloff in technology stocks as investors question the sustainability of massive industry spending.

Moonshot AI is set to launch Kimi 3, an open-source model with 2-3 trillion parameters, claiming it rivals Anthropic's Opus 4.8.