China’s Moonshot AI releases open-source model to reclaim market position

Chinese artificial intelligence startup Moonshot AI released a new open-source AI model on Friday, joining a wave of similar releases from local rivals, as it seeks to reclaim its position in the competitive domestic market.

The model, called Kimi K2, features enhanced coding capabilities and excels at general agent tasks and tool integration, allowing it to break down complex tasks more effectively, the company said in a statement.

Moonshot claimed the model outperforms mainstream open-source models in some areas, including DeepSeek’s V3, and rival…