Moonshot AI Pauses Kimi K3 Subscriptions Amid Soaring Demand

China's Moonshot AI has paused new subscriptions for its Kimi K3 model. This is due to surging demand for the powerful AI. Moonshot said it faces "unprecedented compute challenges." The company will now focus on serving its current paid users. Kimi K3 was trained on 2.8 trillion parameters, making it the largest open-source model ever released. Moonshot stated that demand pushed close to its capacity limits. Benchmark tests show Kimi K3 outperforms some rival models on coding tasks. Moonshot has also reportedly begun talks for a potential public offering in Hong Kong. The company has raised over $5.5 billion from investors and was valued at $30 billion in June. This highlights the intense competition and rapid advancements in the global AI landscape.