China’s Kimi K3 has emerged as the latest AI model sensation, drawing so much interest that developer Moonshot AI temporarily paused new subscriptions just days after launch. Beyond the excitement surrounding Moonshot itself, Kimi’s breakout is bringing fresh attention to Chinese tech giants Alibaba and Tencent, both investors in the startup. Alibaba acquired a 36% stake in Moonshot during a February 2024 funding round, while Tencent is also a known investor. But their opportunity extends beyond their Moonshot stakes, Bernstein’s analysts wrote. As AI models become more competitive, cloud providers and internet platforms stand to gain bargaining power over the model makers. Do you think that China is likely to beat USA in its AI vision ?
