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

The performance of the latest version of Chinese AI lab Moonshot AI’s Kimi series of models is expected to be on par with or even exceed Anthropic’s Opus 4.8. The Financial Times reportedciting anonymous sources.

Moonshot Kimi K2 model It has been well received in the open source AI market, ranking high in benchmarks and demonstrating capabilities not too far behind state-of-the-art frontier models.

The company’s upcoming release, called Kimi K3, is said to take this a step further to bridge the gap with closed-source models from the likes of OpenAI and Anthropic. The Kimi K3 will be the largest open-weight AI model from China, with a number of parameters between 2 trillion and 3 trillion, and will be released “in the coming days,” the Financial Times reported.

Moonshot is also said to be raising new capital in a round that would value it at $31.5 billion. The company raised in May $2 billion at a valuation of $20 billion.

The news comes amid a New discussion On the value of paying AI labs like OpenAI and Anthropic for their expensive, closed-source models. Industry leaders fear that AI labs could somehow extract data sent by their customers for use with their own AI products like ChatGPT and Cloud.

Executives are Set up Their own products as substitutes, or Recommendation Companies take cheaper open source models, such as those developed by DeepSeek, Z.ai, or Moonshot, and train them for their own purposes. This argument has gained traction, especially as open models from China close the gap with their more expensive frontier counterparts.