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Frontier Set Loose: What Kimi K3 Actually Opened — and What the Fine Print Says
On 27 July 2026 Moonshot AI released the weights of Kimi K3: 2.8 trillion parameters, 104 billion active per token, a one-million-token context and second place in the Vals AI index — the most capable open model in history. What the small print in the word open actually says, and what running it free really costs.