Open Models Scale Up—and Compute Deals Get Bigger
Friday, July 17, 2026 · 10 min
Kimi K3 from Moonshot AI lands as a 2.8T-parameter open model, while Fireworks hits a $17.5B valuation and Anthropic locks a $19B TeraWulf lease—evidence that open-weight software and dedicated compute are scaling together.
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Kimi K3 from Moonshot AI lands as a 2.8T-parameter open model, while Fireworks hits a $17.5B valuation and Anthropic locks a $19B TeraWulf lease—evidence that open-weight software and dedicated compute are scaling together.
In this episode
- China’s Moonshot AI releases Kimi K3, the largest open-source model ever, rivaling top U.S. systems | VentureBeat — VentureBeat
# China’s Moonshot AI releases Kimi K3, the largest open-source model ever, rivaling top U.S. systems | VentureBeat Author: Michael Nuñez Published: 2026-07-16T19:42:09.470000+00:00 Source: venturebeat.com (venturebeat.com) Language: en ## Story China’s Moonshot AI releases Kimi K3, the largest open-source model ever, rivaling top U.S. systems |…
- Fireworks hits $17.5 billion valuation and $1B in annualized revenue — CNBC
Fireworks hits $17.5 billion valuation and $1B in annualized revenue Key Points - Fireworks, a startup whose cloud service runs open-source AI models for software developers, has raised $1.5 billion at a $17.5 billion valuation. - The company, which is backed by Nvidia, is now generating more than $1 billion in annualized revenue, five times more than it had last year. - Fireworks once received…
- TeraWulf’s $19B Anthropic Lease Puts Its Brownfield AI Strategy to the Test | Data Center Frontier — Data Center Frontier
TeraWulf’s $19B Anthropic Lease Puts Its Brownfield AI Strategy to the Test | Data Center Frontier Hyperscale # TeraWulf’s $19B Anthropic Lease Puts Its Brownfield AI Strategy to the Test TeraWulf has signed a 20-year lease with AI developer Anthropic for approximately 401 MW of critical IT capacity at its Kentucky data campus, an agreement expected to generate $19 billion in contracted…
- Thinking Machines Lab Unveils Inkling, Its First Open-Weights Multimodal AI Model – Unite.AI — Unite.AI
Thinking Machines Lab Unveils Inkling, Its First Open-Weights Multimodal AI Model – Unite.AI Thinking Machines Lab has released Inkling, its first general-purpose artificial intelligence model, giving developers access to a nearly one-trillion-parameter system that can process text, images, and audio. The July 15, 2026 launch represents the most significant product milestone yet for the heavily…
- Gov. Green Signs Legislation to Support Kūpuna Care and Strengthen AI Protection | KWXX - Hilo, HI — KWXX
Gov. Green Signs Legislation to Support Kūpuna Care and Strengthen AI Protection | KWXX - Hilo, HI Yesterday, Governor Green signed three measures in two bill signing ceremonies, the first recognizing Hawaiʻiʻs commitment to supporting kūpuna and their caretakers, the second establishing safety measures and protections for the use of Artificial Intelligence (AI). HB 1853: RELATING TO DEMENTIA,…