{"slug": "moonshot-ai-heralds-new-generation-of-asian-ai-champions", "title": "Moonshot AI heralds new generation of Asian AI champions", "summary": "Chinese startup Moonshot AI released its Kimi K3 model, which is widely acknowledged as capable of competing with leading models from Anthropic and OpenAI, triggering a sell-off in technology stocks. The Philadelphia Stock Exchange Semiconductor Index fell 20% in a month from a record high of 14,635 on Jun 22 to a recent low of 11,744, as investors feared another DeepSeek moment.", "body_md": "# Moonshot AI heralds new generation of Asian AI champions\n\nThey are small compared to global tech companies, but are expanding rapidly\n\nHAS Chinese startup Moonshot AI sparked another DeepSeek moment, or is it simply adding more fuel to the artificial intelligence boom?\n\nThe market’s initial reaction suggests investors fear the former. Following the release of Moonshot AI’s Kimi K3 model – widely acknowledged as capable of competing with leading models from Anthropic and OpenAI – technology stocks came under selling pressure.\n\nSemiconductor stocks were hit particularly hard, despite being the sector that has seen stellar gains since April. The sell-off was reflected in the Philadelphia Stock Exchange Semiconductor Index, which fell from a recent record high of 14,635 on Jun 22 to a recent low of 11,744, down a staggering 20 per cent in a month.\n\n[TRENDING NOW](/pulse?ref=trending-now)\n\nKnight Frank Singapore CEO Galven Tan resigns after 2.5 years at helm\n\nABSD deadline extended to up to 7 years for developers of large en bloc sites to encourage reuse of land\n\n15-month wait-out curb lifted for private property owners buying HDB resale flats\n\nPhilippines’ income upgrade hides grim reality for most Filipinos", "url": "https://wpnews.pro/news/moonshot-ai-heralds-new-generation-of-asian-ai-champions", "canonical_source": "https://www.businesstimes.com.sg/wealth/wealth-investing/moonshot-ai-heralds-new-generation-asian-ai-champions", "published_at": "2026-07-28 08:13:16+00:00", "updated_at": "2026-07-28 08:23:29.437249+00:00", "lang": "en", "topics": ["artificial-intelligence", "large-language-models", "ai-startups", "ai-products"], "entities": ["Moonshot AI", "Kimi K3", "Anthropic", "OpenAI", "Philadelphia Stock Exchange Semiconductor Index"], "alternates": {"html": "https://wpnews.pro/news/moonshot-ai-heralds-new-generation-of-asian-ai-champions", "markdown": "https://wpnews.pro/news/moonshot-ai-heralds-new-generation-of-asian-ai-champions.md", "text": "https://wpnews.pro/news/moonshot-ai-heralds-new-generation-of-asian-ai-champions.txt", "jsonld": "https://wpnews.pro/news/moonshot-ai-heralds-new-generation-of-asian-ai-champions.jsonld"}}