Kimi K3 dropped this week, and days later Xi Jinping gave his most substantive speech on AI yet at the World AI Conference in Shanghai. We had Kimi K3 drop, and Xi giving his biggest speech on AI yet. After much debate, we’ve decided to start with Kimi instead of Xi. But one part of it that links to Kimi is also that Kimi, whilst still cheaper than American frontier models, is more expensive than the previous class of Chinese open models we’ve been used to. Plus, I gave the top three Chinese models and the top two American ones all three of our scenarios, and the Chinese models believed in the black box.