China's Moonshot AI gains on Anthropic, OpenAI with new low-cost model

Artificial intelligenceKimi K3 beats latest offerings by US rivals on some benchmarksMoonshot AI's booth is seen at the World AI Conference in Shanghai on July 17. (Photo by Itsuro Fujino)ITSURO FUJINOJuly 17, 2026 23:20 JSTGUANGZHOU -- Chinese artificial intelligence startup Moonshot AI said Friday it developed an AI model whose performance approaches that of the most advanced frontier models from the U.S., while saving on cost.