Moonshot AI's Kimi K3 model sends its valuation toward $50 billion and a Hong Kong IPO
Moonshot AI released the Kimi K3 open-weight coding model on July 17, topping Arena AI's Frontend Code Leaderboard with an Elo score of 1,679, ahead of Anthropic's Claude Fable 5 and OpenAI's GPT-5.6 …