Moonshot AI, based in Beijing, unveiled Kimi K3 on Friday, claiming it ranks above most U.S. systems and trails only specific models from OpenAI and Anthropic on benchmarks. Alibaba released a preview of Qwen3.8 over the weekend, positioning it as second only to Anthropic’s Fable 5. Both companies describe their models as publicly available, with Kimi K3 reported as having 2.8 trillion parameters.