Kimi K3 Just Triggered DeepSeek Flashbacks for the Stock Market
Decrypt·
60-second summary
Moonshot AI's 2.8-trillion-parameter open-weight model has triggered deep-seek flashbacks for the stock market, sending chip stocks plummeting. This model, known as Kimi K3, has caused significant market volatility, reminiscent of previous AI-driven downturns. The sudden shift has Wall Street bracing for a potentially rocky weekend, with chip stocks likely to remain under pressure.
Moonshot AI's 2.8-trillion-parameter open-weight model sent chip stocks tumbling and gave Wall Street a Friday it would rather forget.