Tech, media & telecom roundup: Market talk

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Find insight on Moonshot AI’s new Kimi K3 model and more in the latest Market Talks covering technology, media and telecom.

The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0752 GMT – Moonshot AI’s new Kimi K3 model might be a DeepSeek moment, Morningstar’s Malik Ahmed Khan says in a research note. The improvement is bullish for the overall AI ecosystem, as the worst-case scenario is that AI stops progressing. That said, Morningstar says Moonshot’s launch is putting downward pressure on AI companies across hardware and infrastructure as it delivers top-level model performance at a cheaper price. “We’d hesitate to ascribe it near-parity with American frontier models, such as Fable 5, in real-world tasks as open-weight models have shown a habit of benchmark optimization to inflate results in the past,” Morningstar says. (tracy.qu@wsj.com)

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