Atlas / Open-weight and challenger labs / Kimi
Kimi
AI Market Atlas · by Pro Pluribus
Moonshot AI · China
Kimi K3, the largest open-weight model. Moonshot is valued at ~$50B and targets a Hong Kong IPO in Q1 2027.
What it offers
Main offerings
- Kimi K3
- 16 Jul. 2.8T parameters, 1M-token context, multimodal; strong at agentic coding.
- Kimi app
- Consumer assistant and coding plans.
Recent news
- Moonshot closes its final private round at $50B, eyes a Hong Kong IPOUp to $5B IPO targeted for Q1 2027 with CICC and Goldman.Bloomberg ↗
- Moonshot launches Kimi AI tools for financial servicesMoves into paid vertical products, with banks and VC firms such as CICC already using KimiCNBC ↗
- Kimi K3 at 2.8 trillion parameters tops open-weight size ceilingHugging Face names it the largest open-weight model and evidence of China leading frontier open releasesHugging Face ↗
- Moonshot raises $3.5B at a $35B valuationThe round was well above its $1-2B target, driven by K3, and a Hong Kong IPO is reportedly filedBloomberg ↗
- Moonshot unveils Kimi K3 to rival OpenAI and AnthropicNarrows the gap with leading US models and is widely rated the best open-weight coding modelCNBC ↗
Compiled from public sources by Pro Pluribus; updated 16 Oct 2026. General information, not advice. Company names and logos belong to their owners and are used to identify them, without affiliation or endorsement. Terms