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Chinese AI pioneer Moonshot unveiled a new model that it claims performs on par with some of the top-tier platforms from OpenAI and Anthropic PBC, the latest sign that the Asian country’s artificial intelligence labs are closing a technology gap with the US.

Moonshot released Kimi K3 Friday, touting benchmarks comparable to some of the US labs’ best offerings. The model is open weight, meaning its parameters are available for users to download and customize, and outperforms all rivals except Anthropic’s Claude Fable 5 and OpenAI’s GPT-5.6 on overall capability, it said.

Moonshot’s latest platform underscores how rapidly China’s AI race is evolving beyond a competition on price alone. Moonshot priced Kimi K3 at roughly Anthropic Sonnet levels, showing the company believes it can charge a premium to other Chinese models given its capabilities.

On this episode, Carol Massar and guest host Emily Graffeo speak with:

• Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research
• Seth Fiegerman, Bloomberg News AI Editor
• Miguel Lorenzo, Senior Vice President of Sports Content, NBCUniversal Telemundo Enterprises on NBCU Telemundo's and Peacock's FIFA World Cup success, ratings performance and overall strategy
• Jason Leopold, Bloomberg News Senior Investigative Reporter, FOIA Files newsletter author and executive producer on the Paramount documentary 'The Real Wolf of Wall Street'