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AI & Enterprise

Another ultra-powerful Chinese AI model to follow GLM-5.2 as Moonshot AI\'s Kimi K3 draws attention

Chinese AI startup Moonshot AI is set to release a large language model it says rivals U.S. frontier models. The Financial Times reported the company will launch its largest model, Kimi K3, within days, citing two people familiar with the matter. K3 is expected to have 2 to 3 trillion parameters. Sources said it could beat Anthropic’s Opus 4.8 on key benchmarks and be available for free download as an open-weight model.

Crypto

Kalshi seeks funding at $40 billion valuation

U.S. prediction market platform Kalshi is seeking to raise new funds at a valuation of $40 billion. The investment could be completed as soon as the third quarter of this year. If the deal goes through, Kalshi’s valuation would rise to nearly double from $22 billion in May, when it raised $1 billion in a Series F round led by Coatue Management with participation from Andreessen Horowitz, Sequoia Capital, Morgan Stanley and Ark Invest.

AI & Enterprise

Anthropic, OpenAI rapidly expand beyond models, unsettling AI app ecosystem

AI model developers are rapidly expanding into AI applications, often complicating ties with companies that had been partners. Anthropic drew scrutiny after releasing the Fable5 model based on Mythos and warning it could reduce performance if used for building rival models or hardware without notice. While it softened that stance, concerns persist about restrictions affecting developers. The Information reported tensions with Canva and Figma around Anthropic’s Claude Design.