Moonshot AI unveils Kimi K3, a 2.8T parameter open-source model

Kimi K3 has 2.8 trillion parameters, 1 million token context, and native multimodal capabilities, with open weights promised by July 27, 2026. It matches or beats proprietary frontier models on several benchmarks while costing $0.94 per task, about half the price of Opus 4.8.