Recent AI developments in China threaten to once again send Washington into a panic. But look a little closer, and the hysteria may be unwarranted. On Thursday, the AI industry got its second “DeepSeek moment” — this time courtesy of Moonshot, whose new Kimi K3 model has “erased America’s AI lead,” according to Axios. And unlike America’s best models, Moonshot plans to release K3’s weights: meaning, if you believe the hype, that the best model in the world will soon be open-sourced. The launch coincided with the World AI Conference in Shanghai, which kicked off with a speech from Xi Jinping earlier today. Xi doubled down on China’s open-source AI strategy, positioning China as a collaborative partner to other nations — implicitly contrasting its approach with the closed strategy pursued by America’s leading companies.

Full opinion : Kimi K3 hype shouldn’t alarm the US about “losing the AI race” to China; K3 is a good model but not frontier-level and likely lacks dangerous cyber capabilities.