• Bay Area Times
  • Posts
  • China’s Moonshot AI launches most intelligent open-weight non-reasoning LLM

China’s Moonshot AI launches most intelligent open-weight non-reasoning LLM

Author

Bay Area Times
July 14, 2025

Brought to you by:

Top stories today:

  1. Moonshot AI brings most intelligent open-weight non-reasoning LLM
  2. Bitcoin breaches $120K for 1st time
  3. SpaceX said to invest $2B into Elon’s xAI
  4. Pump.fun raises $600M in 12 minutes as $PUMP tokens fully sell out
  5. Windsurf co-founders head to Google as OpenAI deal collapses

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):

1. China’s Moonshot AI launches most intelligent open-weight non-reasoning LLM

Kimi 2 has surpassed DeepSeek V3 and OpenAI’s GPT-4.5 (Preview), inching closer to Anthropic’s Claude 4 Opus, per Artificial Analysis:

  • 1T parameters, with 32B active parameters in a MoE architecture.

  • $0.15/M input (cache hit) and $2.5/M output token pricing, vs. Claude 4 Opus’ $15/M and $75/M, GPT 4.1’s $0.5/M and $8/M, and DeepSeek V3’s $0.07/M and $1.10/M tokens.

  • Available through GitHub and Hugging Face, as well as via Kimi.ai.

  • Multimodal and thought-mode are not supported on launch, though.

Like other Chinese AI models, Kimi K2 is censoring information critical of the Chinese government

From golden coastal escapes to al fresco dinners and city strolls, summer holidays call for refined staples that travel well and wear beautifully. At Luca Faloni, we craft timeless warm-weather essentials from the finest natural fibres, designed for versatility, breathability, and understated Italian elegance.

Whether you're packing for a long weekend or an extended getaway, our curated holiday wardrobe marries modern style with effortless comfort. Think light layers, elegant tailoring, and a wide range of sun-soaked hues that carry you seamlessly from sunrise to sunset.

Plus, enjoy 10% off your first order when you join us.

Luca Faloni: Holiday Looks for the Season

Classic Linen Shirt – Build the foundation of your summer suitcase with our best-selling staple; lightweight, breathable, and versatile for day-to-evening dressing.

Bermuda Linen Shorts – Tailored for comfort and elegance, ideal for coastal walks or casual dining in the sun.

Silk-Cotton Piqué Shirt – A sophisticated travel staple with refined detailing and a soft, absorbent handle—perfect for city explorations.

Linen Jersey T-Shirt – Ultra-light and naturally breathable, made for warm days on the move or relaxed beachside afternoons.

Band Collar Linen Shirt – A fresh alternative to the classic collar, offering clean lines and contemporary style for effortless off-duty wear.

Linen Blazer – Unstructured and breathable, perfect for summer weddings or evening gatherings, especially when paired with jeans and a classic linen shirt.

*Sponsored.

3. Bitcoin breaches $120K for 1st time

4. SpaceX said to invest $2B into Elon’s xAI

Representational image generated using OpenAI’s ChatGPT.

  • Part of xAI’s $5B equity fundraise announced by Morgan Stanley last month.

  • One of SpaceX’s largest investments in another company.

  • The investment poses risks for SpaceX, though.

Elon Musk suggested Tesla shareholders would also vote on investing in xAI

5. Pump.fun raises $600M in 12 minutes as $PUMP tokens fully sell out

  • 72 hours were allocated to the sale.

  • $0.004/token was the offer price for the 15% of Pump.fun’s 1T $PUMP supply offered to the public.

33% of the $PUMP supply was allocated to its initial coin offering, with 18% of that fully distributed in a private sale

6. Windsurf co-founders head to Google as OpenAI deal collapses

  • Google’s DeepMind is hiring Windsurf CEO Varun Mohan, co-founder Douglas Chen, and some of its top researchers.

  • Jeff Wang, Windsurf’s business head, has stepped in as interim CEO.

  • Google hasn’t taken a stake in Windsurf.

  • Non-exclusive license, allowing Windsurf to license it to others as well.

  • Google is reportedly paying $2.4B for Windsurf’s tech and talent.

    • Will generate a return for some Windsurf investors.

  • Windsurf’s $3B OpenAI deal unraveled partly over Microsoft tensions.

7. China’s rare-earth metal exports +60% YoY to 7.7 tons, highest since 2009

  • Apr.: China launched export controls amid deepening trade stand-off with the U.S.

8. Meta said to offer $200M, 100x peer pay, to poach AI talent for “Superintelligence” team

The approach could increase Meta’s cash deficit in Q2, per SemiAnalysis:

Meta is building multibillion-dollar GPU clusters, going from GPU-poor to GPU-rich per researcher

Meta is expected to significantly ramp up GenAI investments in the coming years

Meta has boosted pre-leased data center capacity as Hyperion, its 2nd training cluster

9. Sam Altman up, Tim Cook down in Big Tech’s Trump scorecard

10. Netflix’s share of top streaming shows slips to ~50% in 2025 from 80% in 2021

The amount of time people spend with free streaming services is catching up to paid

~50% of all new Netflix U.S. customers in the 1st 5 months of 2025 have opted for the ad-supported plan

11. Accel, General Catalyst top Q2 VC deal charts

12. Interesting videos, posts, and memes

13. Other headlines

AI

  • Meta acquires voice AI startup PlayAI.

  • NVIDIA’s Huang says China’s military unlikely to use U.S. AI chips.

  • Athyna: Success starts with the best hires.*

*Sponsored.

Tech

  • Apple begins leadership shake-up as Tim Cook stays course: report.

  • Elon grew frustrated with Yaccarino over ad recovery, transparency: report.

  • Y Combinator picks 4 Indian startups in 2024, vs. 66 in 2021.

Tech & Law

  • TikTok loses bid to dismiss lawsuit alleging “addictive design” exploits kids.

  • EU backs down on digital taxes in next budget.

Biotech

Business

  • Jane Street sets aside $564M as India probe continues.

Crypto

U.S. politics

  • Trump announces 30% tariffs against EU, Mexico to begin Aug. 1.

  • Rosie O’Donnell citizenship under review: Trump.

  • Democrats already lining up for 2028 presidential race in early voting states.

World

  • EU plans to engage more with other nations hit by U.S. tariffs.

  • Ukraine to get Patriot missiles from U.S. as envoy visits Kyiv: Trump.

Disclaimer: The Bay Area Times is a news publisher. All statements and expressions herein are the sole opinions of the authors or paid advertisers. The information, tools, and material presented are provided for informational purposes only, are not financial advice, and are not to be used or considered as an offer to buy or sell securities; and the publisher does not guarantee their accuracy or reliability. You should do your own research and consult an independent financial adviser before making any investments. Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein. Assets mentioned may be owned by members of the Bay Area Times team. 

Please read our Terms of Service and our Privacy Policy before using Our Service.