AIThe Next Webabout 9 hours ago
Kimi K3 triggers global tech selloff
1 min read
Moonshot's Kimi K3, a 2.8-trillion-parameter open model, helped trigger a global tech and semiconductor selloff. The rout was multi-causal, including weak Netflix and TSMC earnings, Iran war fears, and rate concerns. The deeper worry: if capable AI becomes free, the ~$700bn hyperscaler capex may not pay back.
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