China's Moonshot targets IPO within the next six months
Edited By WION Video Desk
Published: Jul 20, 2026, 23:12 IST | Updated: Jul 20, 2026, 23:12 IST
Chinese AI startup Moonshot has unveiled Kimi K3, a powerful open-weight AI model that rivals leading Western systems while operating at significantly lower cost. The launch has intensified competition in the global AI race and triggered a sharp sell-off in technology stocks as investors reassessed the industry's outlook.
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