Alibaba says its new AI model is among the most powerful currently available. Could Alibaba be the antidote to the OpenAI and Anthropic IPO doldrums?

Chinese startup Moonshot AI has released a new model that it says closes the gap with leading U.S. systems. Kimi K3 still trails Anthropic's Claude Fable 5 and OpenAI's GPT 5.6 Sol on overall performance,

Moonshot introduced Kimi K3 on Friday as the world’s largest open AI model at 2.8 trillion parameters—the information an AI model learns from its training data and relies on to generate responses—though neither OpenAI nor Anthropic has disclosed the total parameter counts of their models.

Alibaba Group previewed its new artificial-intelligence model in the latest sign that China is fast closing the gap with the U.S. for global technological dominance.

Alibaba bought a 36% stake in Moonshot during a February 2024 funding round, while Tencent is also a known investor.

Moonshot's record-breaking AI model has rattled the markets, making Alibaba, its major backer, look good all of a sudden.

The company says its model outperforms some cutting-edge U.S. systems, the latest sign that Chinese labs can rival American counterparts in critical technology frontiers.

Meta has announced Muse Image, its first AI model for image creation, as it seeks to attract creators and advertisers to its offerings.

Hugging Face experienced one of the first document autonomous AI cyber attacks. It said American models were not up to the task of defending it, while GLM 5.2 from China's Z.ai saved the day.