Skip to content
Trending
March 19, 2025Tencent fourth-quarter profit surges 90% on gaming and advertising boost October 20, 2025Rare earths make gains amid battle to beat China’s dominance May 21, 2025JPMorgan CEO Jamie Dimon says markets are too complacent on tariffs, expects S&P 500 earnings growth to collapse March 7, 2025China calls for ‘peaceful coexistence’ with the U.S. despite differences February 18, 2025Southwest Airlines to slash 15% of corporate jobs in ‘unprecedented’ move to cut costs March 26, 2025Federal housing agency will not cut Fannie Mae and Freddie Mac loan limits, new director says June 10, 2025OpenAI hits $10 billion in annual recurring revenue fueled by ChatGPT growth November 7, 2025What caused the stock market’s lackluster week — plus, an earnings season update February 8, 2025Many workers would take a pay cut to work from home — some would forgo at least 20% of their salary June 23, 2025May home sales increase very slightly, but prices hit another record high
  Monday 8 December 2025
everydayread.net
  • HOME
  • Bitcoin
  • Business
  • Earnings
  • Economy
  • Finance
everydayread.net
everydayread.net
  • HOME
  • Bitcoin
  • Business
  • Earnings
  • Economy
  • Finance
everydayread.net
  Finance  Alibaba-backed Moonshot releases its second AI update in four months as China’s AI race heats up
Finance

Alibaba-backed Moonshot releases its second AI update in four months as China’s AI race heats up

AdminAdmin—November 6, 20250

Alibaba-backed Chinese startup Moonshot has launched one of the more popular generative AI chatbots called Kimi.

Sopa Images | Lightrocket | Getty Images

More stories

How the Republican megabill targets immigrant finances

June 30, 2025

Powell says Fed is awaiting ‘greater clarity’ on Trump policies before making next move on rates

March 8, 2025

Here’s what current and former Fed officials are saying about Lisa Cook investigation

August 25, 2025

Yieldstreet tells investors in $89 million worth of marine loans to expect losses

September 5, 2025

Chinese startup Moonshot on Thursday released its latest generative artificial intelligence model which claims to beat OpenAI’s ChatGPT in “agentic” capabilities — or understanding what a user wants without explicit step-by-step instructions.

The model, called “Kimi K2 Thinking,” builds on the K2 model released in July by Beijing-based Moonshot, which is backed by Alibaba.

The update comes as Nvidia CEO Jensen Huang this week again urged the U.S. to press ahead in a race against Chinese-developed AI. Some major U.S. companies such as Airbnb have begun to publicly tout how some Chinese AI models are as viable — and often cheaper — alternatives to OpenAI’s.

Despite U.S. restrictions on Chinese businesses’ access to high-end chips, companies such as DeepSeek have released AI models that are open sourced and with user fees a fraction of ChatGPT’s.

DeepSeek also claimed it spent $5.6 million for its V3 model — in contrast to the billions spent by OpenAI.

The Kimi K2 Thinking model cost $4.6 million to train, according to a source familiar with the matter.

It can automatically select 200 to 300 tools to complete tasks on its own, reducing the need for human intervention according to Moonshot. CNBC was unable to independently verify the DeepSeek or Kimi figures.
DeepSeek last month released a new AI model that claims to improve performance by using visual clues to expand the context of information it is processing at once.

Chicago Fed’s Goolsbee says he’s cautious about further rate cuts during shutdown
Millions more Americans could access obesity drugs after Trump’s deals with Eli Lilly, Novo Nordisk
Related posts
  • Related posts
  • More from author
Finance

$208 million wiped out: Yieldstreet investors rack up more losses as firm rebrands to Willow Wealth

December 7, 20250
Finance

London’s answer to Wall Street gains momentum as major firms sign on

December 6, 20250
Finance

Is bitcoin really digital gold? In 2025, the leading crypto has failed to answer that question

December 5, 20250
Load more
Read also
Finance

$208 million wiped out: Yieldstreet investors rack up more losses as firm rebrands to Willow Wealth

December 7, 20250
Economy

Bessent says U.S. will finish the year with 3% GDP growth, sees ‘very strong’ holiday season

December 7, 20250
Earnings

HPE CEO Neri pleased with quarter despite AI revenue delays as stock bounces from post-earnings dip

December 7, 20250
Business

David Ellison’s hunt for WBD made David Zaslav richer — and it may not be over

December 7, 20250
Finance

London’s answer to Wall Street gains momentum as major firms sign on

December 6, 20250
Economy

Ukraine, trade, pandas: What China’s Xi and France’s Macron discussed in Beijing

December 6, 20250
Load more
    © 2022, All Rights Reserved.
    • About Us
    • Advertise With Us
    • Contact Us
    • Disclaimer
    • Cookie Law
    • Privacy Policy
    • Terms & Conditions