ModelsBusiness & Market 🇨🇳 24.07.2026 08:04

Kimi Halts New User Registrations After Launch of K3 Model, Other Companies' Stocks Fall

Moonshot AIMoonshot AI
Moonshot AI, the creator of Kimi, launched the K3 model and temporarily suspended new user registrations, causing a drop in stocks of other major AI companies.
Chinese company Moonshot AI (developer of the Kimi assistant) has released a new model, K3, and simultaneously suspended registration of new users on its platform. This news has led to a decline in stock prices of other major companies operating in the field of large language models. The reasons for this move and its impact on the market have not yet been disclosed in detail.
Source: Moonshot Kimi (GNews) — original
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