Kimi's open model K3 nears GPT-5.6 Sol and Fable 5 while signaling the end of super cheap Chinese AI

Kimi is launching K3, a multimodal open-weight model with 2.8 trillion parameters and one million tokens of context. In the company's own benchmarks, it comes close to Claude Fable 5 and GPT 5.6 Sol while beating Opus 4.8 and GLM 5.2, in some cases by a wide margin. The model is also significantly pricier than its predecessor.…