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Chinese startup Moonshot AI is seeking access to more of Nvidia Corp.’s advanced Blackwell chips to train the next version of its model, Kimi K4, The Information reported, citing sources it didn’t name. The Beijing-based artificial intelligence firm trained its earlier model, Kimi K3, using Nvidia chips, Bloomberg previously reported, even though US export controls restrict the sale of advanced chips to China over security concerns.

The development is likely to exacerbate transatlantic angst about Chinese AI models closing the gap with OpenAI and Anthropic PBC. When Moonshot originally announced its Kimi K3 model, which was released publicly on Monday, that triggered a selloff in AI-related stocks.
Much like DeepSeek’s release in early 2025, the K3 debut was taken as evidence that Chinese companies can keep pace on a smaller budget and with fewer cutting-edge resources than rivals with full access to Nvidia AI accelerators.

On this episode, Carol Massar and Tim Stenovec speak with:

• Mandeep Singh, Bloomberg Intelligence Global Head of Technology Research
• Tejpaul Bhatia, CEO of Nebex on company’s future after SpaceX IPO // Alphabet’s GV Backs Fintech That Aims to Fuel Space Industr
• Walt Lukken, CEO, FIA on 24/7 futures trading/and clearing, tokenization and customer expectations, prediction markets
• Lexi Reese, CEO, lanai on AI and the labor market
• Dushyant "D" Shahrawat, Bloomberg Intelligence, Crypto and Digital Assets Analyst on blockchain, stablecoins, shifting financial structures