📉 The release of China’s Kimi K3 model triggered a selloff in the semiconductor market



Shares of chipmakers and AI companies fell worldwide on Friday. Stock prices of Asian firms dropped the most: the Taiwan index lost more than 6%, and Japan closed down 4%. In the US, the selloff continued—Nasdaq fell by 1.5%, marking the worst session of the week.

Kimi K3 became the largest open model at the time of launch. It supports a context of 1 million tokens, text, and images. Full weights will be released on July 27 under the Modified MIT license. After that, small labs will be able to use the model for free.
In an independent ranking, Artificial Analysis Intelligence Index, the solution scored 57 points. This is higher than Claude Opus 4.8 and GPT-5.5. The score nearly matched Claude Fable 5 and GPT-5.6 Sol. In specific tests, Kimi K3 outperformed competitors at a multiple lower price.
NDAQ-2.75%
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