Chinese chemical sector faces AI rivals
Chinese company Moonshot AI, supported by Alibaba Group, revealed a new artificial intelligence model called Kimi K3, aimed at competing with major US company models like OpenAI and Anthropic. The model consists of 2.8 trillion parameters, making it the largest open-source model announced to date, and it is compared to AI models developed by American companies in terms of performance, data processing capabilities, and executing complex tasks. The company announced that it will provide the full model for free to developers around the world by the end of July 2026, a step reflecting the accelerating global competition in AI technology.
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