On Thursday July 16th, Moonshot AI released their latest flagship model Kimi K3. K3 is a 2.8T parameter MoE model which will have its weights released on July 27th. Much of this article follows as a reflection on the state of the ecosystem, under the assumption that Moonshot keeps their promise of the weights release date. This is a more extreme view of the equilibrium, and many of the results end up in a middle ground if the state of affairs is that China has similarly powerful, but closed mode...