Kimi K3, a new large language model with 2.8 trillion parameters, has been open-sourced, reportedly surprising major tech companies in Silicon Valley. The announcement comes as the US stock market saw mixed results, with the Dow Jones Industrial Average and S&P 500 rising while the Nasdaq Composite fell. In other business news, Chinese tech company Zhongji Xuchuang proposed a share buyback plan of 4 to 8 billion yuan, and Luckin Coffee won a lawsuit against a Thai counterpart, receiving nearly 20 million yuan in compensation. AI
IMPACT Sets a new benchmark for open-source LLMs, potentially accelerating research and development globally.
RANK_REASON Frontier-lab model release with system card [lever_c_demoted from frontier_release: ic=1 ai=1.0]
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