A landmark open-weight model from China, record earnings from the world’s most important chipmaker, and a rare moment of agreement among rival AI labs — the past 24 hours captured both the competitive and cooperative sides of the AI race.
Moonshot AI releases Kimi K3, the largest open-weight model yet
Chinese lab Moonshot AI launched Kimi K3, a 2.8-trillion-parameter mixture-of-experts model with a 1-million-token context window that accepts text, image, and video input. Positioned as an open-weight rival to top closed frontier models, it is live via the Kimi app and API, with weights promised for release on July 27. Early reporting suggests frontier-level results at aggressive pricing of $3 per million input tokens, though independent benchmarks are still pending. VentureBeat has the details.
TSMC posts a record quarter on AI demand
Taiwan Semiconductor delivered its full Q2 results, with net profit surging 77 percent to a record NT$706.6 billion on revenue of roughly $40 billion. High-performance computing — the segment anchored by AI accelerators — now makes up 66 percent of wafer revenue, and the company raised its full-year growth outlook past 40 percent while confirming first revenue from its 2nm process. DigiTimes reports.
Apple Intelligence cleared for launch in China
China’s Cyberspace Administration registered Apple Intelligence as an approved generative AI service, clearing the way for Apple’s AI features to reach iPhones, iPads, and Macs in mainland China powered by Alibaba’s Qwen models, with Baidu also contributing. The Qwen model was compressed to under 4GB to run on-device. Apple and Alibaba shares both jumped on the news. TechCrunch has more.
Rival AI CEOs converge on regulation
For the first time, the CEOs of Google DeepMind, OpenAI, and Anthropic are on record with strikingly similar prescriptions for AI oversight, each publishing detailed proposals in recent weeks that support capability evaluations, reporting requirements, and government involvement when systems cross defined thresholds. Demis Hassabis’ proposal drew rare public praise from competitors including Sam Altman and Elon Musk. Axios has the analysis.
What to watch: the World AI Conference opens today in Shanghai with Xi Jinping delivering his first-ever keynote at the event — the same day Google’s long-rumored Gemini 3.5 Pro is reportedly targeted to launch.