SMH
·australia
·22 days ago
Moon landing: Why this Chinese AI model rattled global sharemarkets
China's Moonshot AI released its new Kimi K3 model last week, triggering a global market sell-off in chip and tech stocks. The company, co-founded by former Google and Meta researcher Yang Zhilin, plans to list publicly with a valuation exceeding $43 billion after reporting $300 million in annual recurring revenue.
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Published 20 Jul 2026, 01:50 UTC · Updated 20 Jul 2026, 02:00 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections