Moonshot’s upcoming Kimi 3 is expected to close the gap with Anthropic’s Opus 4.8

TechCrunch · 1 month ago · 14 ● 74 sources

Moonshot AI's upcoming Kimi K3 model, expected between 2 trillion and 3 trillion parameters, is projected to match or exceed Anthropic's Opus 4.8 performance according to Financial Times sources. Moonshot is raising fresh capital at a $31.5 billion valuation, up from $20 billion in May, as Chinese open-weight models increasingly close the performance gap with expensive closed-source alternatives from OpenAI and Anthropic. The release is expected in the coming days and reflects growing momentum toward open-source AI models as cost-effective alternatives to proprietary systems.