Moonshot AI releases Kimi K3, which may be more about memory than compute

Moonshot AI rolled out Kimi K3 on Friday, triggering a market reaction reminiscent of DeepSeek R1's early-2025 debut. That launch wiped out nearly $600 billion of Nvidia's market value in a day, and Bloomberg's analysis suggests Kimi K3's edge may lie in memory rather than raw compute.