People visit the booth of Kimi, an LLM developed by the Chinese startup Moonshot, during the World AI Conference in Shanghai, China, July 20th. | Image: LONG WEI/ Feature China/Future Publishing via Getty ImagesSilicon Valley has spent much of the past week on red alert, digesting the arrival of Moonshot AI's Kimi K3, a Chinese AI model that can allegedly beat some of the best systems built by US companies at a fraction of the cost. Its performance alone would have been enough to intensify the rivalry between the US and China. But Moonshot's plan to release the model's weights for free - and its clear targeting of US users - has fueled deeper unease about whether closed American models can continue to dominate as increasingly capable open alternatives enter the market. Open-weight models give developers far greater control than proprietary syst …Read the full story at The Verge.