> Kimi K3 is Kimi’s most capable model to date, with 2.8 trillion parameters.

This puts them on the top of the largest open models list:

  Kimi K3            2.8T
  DeepSeek-V4-Pro    1.6T (49B active)
  Kimi K2.6          ~1T (32B active)
  GLM-5.2            754B (40B active)
  DeepSeek-V3.2      685B
  Mistral Large 3    675B

That's one mighty large model! Moonshot is going to need the USD 500 million reportedly raised earlier this year to run this model.