On July 29th, the central parity rate of the RMB against the US dollar was adjusted upwards by 29 basis points to 6.7899. In market news, the Hang Seng Index opened up 0.7%, with the Hang Seng Tech Index rising 1.02%. The software and services sector led the gains, with MINIMAX increasing by over 4%. Additionally, Kimi K3 has been officially open-sourced, featuring 2.8 trillion parameters. AI
IMPACT The open-sourcing of Kimi K3 with 2.8 trillion parameters could accelerate AI development and innovation globally.
RANK_REASON Open-source release of a large-scale AI model (Kimi k3) by a notable AI lab (Moonshot AI, implied by Kimi). [lever_c_demoted from frontier_release: ic=1 ai=1.0]
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