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A year ago, the big three was OpenAI, Anthropic, and Google. Things have changed. Moonshot's Kimi K3 sits above Gemini on every composite benchmark, and it's open source in 10 days. New episode: what K3 reveals about frontier margins, model sizes, and who's actually still in the game. 00:11 Is Kimi K3 the Third Best Model? 04:04 Why Delay the Weights? 05:30 2.8T Parameters and Serving Constraints 06:48 Frontier Margins and the 3x Price Hike 11:10 New Architecture, What Comes Next 14:09 Will Open Source Catch Closed? 19:51 Built for Chinese Accelerators 22:57 The Harness Is the Product 28:49 We're Still Early
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