😳 New Chinese AI network could pose a threat to Bitcoin (CoinDesk)
➠ The company #moonshot AI has unveiled model #KimiK3 , which includes 2.8 trillion parameters and supports a context of up to one million tokens. It reportedly outperformed Claude and #GPT in programming tests.
➠ Kimi K3 will be made available for free with open weights, allowing it to be downloaded and run on private servers and modified without paying fees to developers—undermining the notion that advanced AI will remain scarce, costly, and monopolized by US companies.
➠ The full version is scheduled to be released on July 27. If the announced results are confirmed, the market may reassess the need for massive spending on expensive AI models, chips, and data centers, which could increase pressure on Nvidia.
➠ Bitcoin is increasingly moving in sync with AI company stocks and chipmakers. So, any sell-off wave in technology stocks could also weigh on Bitcoin.
➠ Bitcoin mining firms that are converting their infrastructure into AI data centers may also be affected. If new models require less computing resources, demand for this infrastructure could decline.
➠ For reminder, a similar scenario occurred after the exciting release of the DeepSeek model in 2025, when Nvidia and Bitcoin shares saw a sharp drop $BTC .
➠ The company #moonshot AI has unveiled model #KimiK3 , which includes 2.8 trillion parameters and supports a context of up to one million tokens. It reportedly outperformed Claude and #GPT in programming tests.
➠ Kimi K3 will be made available for free with open weights, allowing it to be downloaded and run on private servers and modified without paying fees to developers—undermining the notion that advanced AI will remain scarce, costly, and monopolized by US companies.
➠ The full version is scheduled to be released on July 27. If the announced results are confirmed, the market may reassess the need for massive spending on expensive AI models, chips, and data centers, which could increase pressure on Nvidia.
➠ Bitcoin is increasingly moving in sync with AI company stocks and chipmakers. So, any sell-off wave in technology stocks could also weigh on Bitcoin.
➠ Bitcoin mining firms that are converting their infrastructure into AI data centers may also be affected. If new models require less computing resources, demand for this infrastructure could decline.
➠ For reminder, a similar scenario occurred after the exciting release of the DeepSeek model in 2025, when Nvidia and Bitcoin shares saw a sharp drop $BTC .