Moonshot shakes the AI industry

The Chinese company’s release of its Kimi K3 model sparked anxiety in the US ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Here’s your wrap of the latest must-read tech news. For more expansive and analytical coverage from around the globe, get the Tech In Depth newsletter. Market Snapshot Taiwan Semiconductor Manufacturing Co Ltd NT$2,320.00 +1.3% Meta Platforms Inc $646.01 -2.8% Z AI Co Ltd HK$890.50 -20% Market data as of 04:36 AM ET. Data is subject to provider delays. Your watchlist Top Stories Alibaba too: The Chinese e-commerce leader launched a preview version of its flagship Qwen3.8 Max model, which it described as comparable to leading frontier artificial intelligence models. Alibaba says it’s second only to Anthropic’s Fable. Apple negotiations: The iPhone maker and the US Justice Department are in early discussions about settling a 2024 lawsuit that alleges the company violated antitrust laws. The case involves access to Apple’s high-end phones. TSMC spending: The leading chipmaker for Nvidia and Apple is adding $100 billion to its investments in Arizona to meet strong demand from US customers and to ward off rivals. It’s part of TSMC’s commitment to spend $265 billion in the US. Must Reads Big Tech Needs to Justify AI Spending as Investors Dump Stocks After last week’s wipeout in chips and the broader selloff in technology stocks, pressure is building for the biggest spenders on artificial intelligence to justify their expenditures to beleaguered traders with increasingly itchy fingers hovering over their sell buttons. Moonshot Plans IPO in Six Months After China AI Breakthrough Moonshot AI has told investors it’s preparing to list in as early as six months, seizing the opportunity to tap capital markets after its latest model upended industry perceptions of China’s artificial intelligence capabilities and sent tech stocks reeling. Netflix Shares Tumble After Forecast for Slowing Growth Netflix shares fell after the company forecast a second consecutive quarter of slowing sales growth, contributing to investor anxiety about the streaming giant’s future. Beyond The Brief Moonshot AI’s release of its new Kimi K3 artificial intelligence model, which it said performs as well on some tasks as the top global platforms, set off a wave of debate among investors, AI experts and analysts in the US, Ed Ludlow writes in today’s Tech In Depth. Some fear it means China has closed the technology gap with the US, while others say building a model is much different than building a business using that model. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. Before You Go... Christopher Nolan’s Epic ‘The Odyssey’ Opens to $125 Million The Odyssey, the new movie from blockbuster auteur director Christopher Nolan, was the No. 1 film in the US and Canada over the weekend with $124.5 million in ticket sales. Read more We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Tech In Brief newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |