Kimi K3 is a very good model with excellent benchmarks. Assuming its weights are released as planned it will become, purely in terms of raw capability, the strongest open model.

Do not get carried away. Do not judge Kimi K3 only its relative strengths. In aggregate it is several months behind the closed model frontier, at least four and my median guess is six, with the post-training closer and the pre-training farther out. This is less months than before, but the months are denser now.

It is somewhat distilled. It likely outperforms on benchmarks relative to practical performance. All its benchmarks are scored at maximum effort, typically a lot more tokens than are used in similar tests by Fable or Sol. Performance looks jagged. Kimi will be excellent at some things, less so at other things.

We will know more over the coming weeks. For now access is spotty and not that many people have actually had the chance to try Kimi K3, so I have larger error bars than usual around its capabilities. Alas, time waits for no one, so we press on.

It is the largest open model so far at 2.8T, on [...]

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Outline:

(03:07) DeepSeek Moments: Here We Go Again

(05:47) We Had a Moment (Reprise from June 2025)

(10:03) The Story Since Then

(16:19) The Kimi K3 Announcement, Pitch and Basic Facts

(19:34) On Modern Benchmaxxing

(21:16) Other People's Benchmarks

(26:15) Benchmarks Are Not The Real World

(27:17) Technical Safeguards? What Are Those?

(30:53) Things Kimi Can Do