Deals & M&A
Deals & M&A
Mergers, acquisitions, private equity, venture capital and IPOs: who is buying whom, and for how much.
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Moonshot AI's open-source K3 matches top US models, pressuring pricing
A Beijing-based startup backed by Alibaba has released an open-source AI model that benchmarks show rivals the best proprietary systems from Anthropic and OpenAI, threatening to erode pricing power across the industry.
3 min read · 16 Jul 2026
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