In brief Moonshot AI launched Kimi K3 on Thursday—a 2.8-trillion-parameter open-weight model that ranked alongside Claude Fable 5 and GPT 5.6 Sol. Semiconductor stocks cratered Friday, with the VanEck Semiconductor ETF (SMH) falling below key support for the first time since April. Full model weights go public by July 27. If they hold up under...
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