China’s Moonshot AI releases Kimi K3, the largest open-source model ever, rivaling top U.S. systems

Moonshot AI, the Beijing-based artificial intelligence startup backed by Alibaba, on Thursday released Kimi K3 — a 2.8-trillion-parameter model that the company says is now the largest open-source A [...]

A Chinese AI startup is about to hit $1bn in sales while giving its best models away for free

One of China’s leading AI startups is closing in on a milestone the rest of the industry keeps missing. Z.ai, the company behind the GLM models, is set to become the first independent Chinese AI fir [...]

Kimi K3 is so popular Moonshot ran out of GPUs and paused new sign-ups

Moonshot AI has a problem most startups would envy. Its new Kimi K3 model proved so popular that it ran out of computing power to serve everyone. So the Chinese lab has hit pause on new sign-ups. Over [...]

Moonshot is chasing a $50bn valuation, and it wants two funding rounds to get there

China’s Moonshot AI is raising money at a pace that would make most startups dizzy. The lab should close a round that values it at $31.5 billion in the coming days, Bloomberg reported. It then plans [...]

OpenAI and Anthropic now out-lobby Nvidia in Washington

The AI industry is buying a bigger seat at the table. OpenAI and Anthropic set records for federal lobbying in the second quarter of 2026, CNBC reported. Together they spent $3.17 million, up 23% from [...]

Silicon Valley Is Completely Divided Over Chinese AI

The AI “startups” worth billions of dollars are raising alarm bells about Chinese AI. The smaller players have a totally different take. [...]

Nuclear Turbines raises £15M for compact reactors it says could undercut fossil fuels

Nuclear power usually arrives with a very large price tag and a very long wait. Nuclear Turbines, a Manchester startup spun out of BAE Systems, has raised £15M to argue that it need not be either, at [...]

A development bank just built a €1.4bn insurer in two years

A development bank has just minted a unicorn, and it took two years. Ominimo, a Budapest-based motor insurance startup founded by Serbian and Hungarian entrepreneurs, has closed a Series B led by the [...]

OpenAI starts charging some customers only when its AI actually works

OpenAI is offering some large customers outcome-based pricing, where they pay only once the AI actually finishes a task. Salesforce, Adobe, and several startups are also moving away from fixed subscri [...]