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CBA chief economist Luke Yeaman talks down risk of ‘AI bubble’ at Australian Defence Industry Accelerator Summit The Industry Speaks, Part 1: AI Appreciation Day 2026 Open banking expands as non-bank lenders join Consumer Data Right Telstra CEO says she is ‘deeply sorry’ for nationwide outage Army uses AI-enabled recon drones in Exercise Southern Jackaroo Telstra finds secondary outage issue impacting 000 as government notes a Telstra finds secondary outage issue impacting 000 Telstra outage: Ministers, experts, and academics respond; ACMA to conduct full investigation 000 calls and Melbourne trains impacted by Telstra outage Kinetic IT launches AI engineering division to accelerate enterprise AI deployment US government lifts access controls on Anthropic’s Claude Fable 5 and Mythos 5 WA announces data science, artificial intelligence training program with industry, UK’s Faculty Civil liberties org rails against deployment of facial recognition tech by WA Police CrowdStrike expands QuiltWorks alliance with Amazon Web Services Vodafone urgently investigating outage impacting millions of Aussies Space Centre Australia debuts ASTRIS mission artificial intelligence at Australian Space Summit Is AI profitable yet? One website seeks to answer that question Report: Australians' faith in AI is almost non-existent Monash researchers unveil breakthrough photonic chip for next-generation AI and quantum computing Report: AI-based data incidents on the rise in Australia Anthropic launches dedicated Claude Security platform to public beta Ukrainian official advocates for artificial intelligence, autonomous drones for battlefield deployment CrowdStrike launches Project QuiltWorks to tackle skyrocketing AI-discovered vulnerabilities Outsiders are already accessing Anthropic’s new AI model, but is Claude Mythos really that powerful? Report: Data collection by school-backed apps in Australia is out of control and a risk to kids Kinetic IT appoints Kishore Jayaram in new chief transformation officer role Anthropic launches Claude Opus 4.7 as researchers reveal fake Claude installer spreading malware US Federal Communications Commission announces ban on foreign-made consumer routers Australian arm of clothing retailer Lululemon fined $702k over spam breaches Not on our watch: Coles, Palantir respond to GetUp anti-surveillance campaign Kinetic IT earns fifth Deloitte Best Managed Companies award Inside Genetec: How a once-hardware-centric sector has become a software battleground Rubrik reveals Agent Cloud to secure agentic AI in the enterprise Sausage watch: What are the implications of this week’s Bunnings facial recognition ruling? Kinetic IT appoints Jeremy O’Donohue to lead state government and critical infrastructure portfolio Kinetic IT awarded ICT contract with Department of Defence Send nudes: SecDef Hegseth announces Grok rollout at the Pentagon UNSW lands $3m next-gen AI defence contract ServiceNow announces acquisition of Armis Axonius denies reports of Cisco acquisition
Kimi K3: China’s latest AI is turning heads – and set to make bank
David Hollingworth · 2026-07-20 · via Tech

Former Google & Meta wunderkind releases new AI model with frontier-level performance almost as great as Claude Fable 5 and GPT 5.6 Sol.

Mon, 20 Jul 2026 Tech

Kimi K3: China’s latest AI is turning heads – and set to make bank

Nobody seems to talk about DeepSeek any more, but when that Chinese-built AI model it was practically a “the sky is falling moment” for many inside the AI bubble.

It was far cheaper, almost as good, and hit the industry like a bolt from the blue.

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That model, however, is now looking like the appetiser to Chinese AI firm Moonshot’s latest release, Kimi K3.

Kimi K3, which was officially launched late last week, is already looking to be making Moonshot a lot of money, with the company reportedly planning a public listing with a valuation well in excess of US$40 billion, and the model’s creator – 34-year-old ex Google hire Yang Zhilin – may be on to something.

The company has already been forced to pause sign-ups to the platform due to its initial popularity, and it also comes with a unique selling point, particularly for coders.

“Kimi K3 has strong long-horizon coding performance. Operating with minimal human oversight, it can sustain long engineering sessions, navigate massive repositories, and orchestrate terminal tools,” Moonshot said in a statement.

“Kimi K3 also excels in tasks blending software engineering with visual reasoning – it leverages screenshots and visuals to optimise game dev, frontend, and CAD.”

Moonshot contends that Kimi K3 can handle game development and visualisation, GPU compiling, and research coding. In addition, the mode can handle end-to-end knowledge work, video editing and animation, capable of creating entire short videos from several source clips and image files.

In terms of power, Kimi K3 isn’t the most powerful model out there, but nor is it lagging behind the rest of the pack. In fact, across a suite of benchmarks, the only other models to outperform Kimi K3 are Claude Fable 5 and GPT 5.6 Sol – and even then, it’s a near run thing.

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David Hollingworth

David Hollingworth has been writing about technology for over 20 years, and has worked for a range of print and online titles in his career. He is enjoying getting to grips with cyber security, especially when it lets him talk about Lego.