Skip to content
Trending
May 14, 2025Annual inflation rate hit 2.3% in April, less than expected and lowest since 2021 September 29, 2025Startup founder Charlie Javice to be sentenced for defrauding JPMorgan Chase February 12, 2025Super Micro ‘confident’ it will meet SEC deadline and reach $40 billion next fiscal year November 5, 2025Starbucks union authorizes open-ended strike as busy holiday season begins October 1, 2025Nike shares jump on strong earnings, signs its turnaround is racing ahead under CEO Hill June 9, 2025Broadcom beats on earnings and revenue December 12, 2025Coinbase to soon unveil prediction markets powered by Kalshi, source says November 6, 2025Chicago Fed’s Goolsbee says he’s cautious about further rate cuts during shutdown July 30, 2025Why it appears Washington is becoming friendlier toward crypto ETFs under Trump June 21, 2025Why electricity prices are surging for U.S. households
  Thursday 9 April 2026
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

Consumer Financial Protection Bureau drops lawsuits against Capital One and Berkshire, Rocket Cos. units

March 1, 2025

Retaliation or escalation? Trust between the U.S. and China is fading fast, analysts say

October 13, 2025

Prediction market traders slash odds Trump tariffs survive Supreme Court ruling

November 5, 2025

China’s ‘Netflix’ iQiyi is set to open a theme park with virtual reality based on its own shows

March 15, 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

Visa says new AI shopping tool has helped customers with hundreds of transactions

December 18, 20250
Finance

Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon

December 17, 20250
Finance

Nasdaq moves to make trading nearly 24 hours. Why some on Wall Street say that’s a bad idea

December 16, 20250
Load more
Read also
Finance

Visa says new AI shopping tool has helped customers with hundreds of transactions

December 18, 20250
Economy

Trust these numbers? Economists see a lot of flaws in delayed CPI report showing downward inflation

December 18, 20250
Earnings

Nike tops earnings estimates but shares fall as China sales plunge, tariffs hit profits

December 18, 20250
Business

American Airlines no longer lets basic economy flyers earn miles

December 18, 20250
Finance

Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon

December 17, 20250
Economy

Watch Fed Governor Christopher Waller speak on interest rates and the race to succeed Powell

December 17, 20250
Load more
    © 2022, All Rights Reserved.
    • About Us
    • Advertise With Us
    • Contact Us
    • Disclaimer
    • Cookie Law
    • Privacy Policy
    • Terms & Conditions