Alibaba-backed Moonshot launches world's largest open-source AI model Kimi K3; analysts recommend buying BABA

Published Jul 20, 05:17 PM UTC

Editorial responsibility

Prepared by: WorldAttention Editorial Systems
Human review: No named human review is recorded for this page.
Automated steps: Source reporting is collected, normalized, translated or condensed automatically when needed.
Page status: Automatically published source-backed update

How automation and AI are used · Report a correction or rights issue

Moonshot AI, a Chinese startup backed by Alibaba (BABA), launched its open-source Kimi K3 model, identified as the world's largest open AI model by parameter count. The model's performance rivals OpenAI and Anthropic systems, with lower cost per task ($0.95 vs $1.04). Demand surged so high that Moonshot paused new subscriptions. Alibaba, holding a 36% stake, is seen as a beneficiary, with Bernstein analysts citing Kimi as a catalyst for Alibaba Cloud revenue growth. Alibaba's Q4 FY2026 results showed 2.9% revenue growth to $35.3B, with Cloud Intelligence Group revenue surging 38.2% YoY to $6B driven by triple-digit AI product growth. BABA stock has risen 13.62% over the past month amid AI optimism, though YTD it remains down 17%.

Source

Yahoo FinanceWestern

Original headline: AI Startup Moonshot Just Launched Its Record-Setting Kimi K3 Model. Buy Alibaba Stock to Benefit.

Original language: EN-US

Part of this Story

China's Moonshot AI Releases Kimi K3, Rivaling Top US Models

See the full Story: all sources and camp coverage

People and interests

OpenAI Anthropic Alibaba