Global markets dip as Moonshot AI launches massive open-weight model
Tech and semiconductor stocks across the US and Asia saw a decline on Friday following the release of Kimi K3 by Chinese firm Moonshot AI, currently the largest open-weight AI model in existence. Markets in Taiwan slid by more than 6%, while Japan saw a drop exceeding 4%. In the US, the S&P 500 and Nasdaq retreated by 1% and 1.5%, respectively. Market participants noted similarities to the recent 'DeepSeek shock' that previously triggered widespread volatility in the technology sector.
by shortkt.com✓