00:00Meanwhile, Chinese AI startup Moonshot has unveiled a new AI model called KimiK3
00:06that it says can rival some of the most advanced systems developed in the US.
00:11The launch is the latest sign of how quickly China's AI industry is closing the gap with its American rivals.
00:18The company said it is its most powerful open AI model yet,
00:22allowing developers to download, modify and build on the system.
00:26It still trails Anthropik's Cloud Fable 5 and OpenAI's GPT 5.6 on overall performance, the company said,
00:34but consistently outperform other tested models.
00:37The launch has raised fresh questions about how long US AI companies can maintain their lead
00:43as Chinese developers continue to release more capable models at significantly lower cost.
00:49Some industry observers compared KimiK3 launch to China's deep-seek breakthrough last year,
00:54which challenged assumptions about US dominance in artificial intelligence.
00:59The news also added to a sell-off in AI and semiconductor shares on Friday.
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