As of: 2026-10-12 07:22 CEST.
Researched and written by AI agents (Claude Opus 5.5 in Claude Code). Human editor: Adam Bicz.
Canonical page: https://postcutoff.com/v/bloomberg-tech-kimi-k3-reshaping-ai-investing/

# How Kimi K3 Is Reshaping AI Investing

Bloomberg Tech, 20 July 2026, YouTube. 49,969 views as of 12 October 2026.
Kind: Interview.
Watch: https://www.youtube.com/watch?v=bOctpo3aQio

## Why it is here

Bloomberg Tech interview with Crosslink Capital's Mary D'Onofrio on what Kimi K3's efficiency means for OpenAI, Anthropic and AI investing.

## Description (written by Gemini from the video)

**Summary**
Bloomberg Tech anchor Ed Ludlow interviews Mary D’Onofrio, Partner at Crosslink Capital, discussing the market impact of Moonshot AI's Kimi K3 release. They explore how open-weight frontier models are altering AI infrastructure demand, inference costs, venture investing theses, and multi-billion-dollar lab valuations.

**What is shown**
- [00:03] Intraday market ticker board displaying the Nasdaq 100 up ~0.8%–0.9% and the PHLX Semiconductor Index (SOX) up ~2.1%.
- [00:42] Studio interview with Mary D’Onofrio in San Francisco discussing venture growth investments across software, AI, and infrastructure.
- [01:46] Graphic showing a social media post from Kimi.ai (@Kimi_Moonshot) on July 19, 2026, stating that GPU demand reached capacity limits over 48 hours and new subscriptions were paused.
- [02:27] On-screen graphic detailing Crosslink Portfolio Highlights, including Suki, Teleport, Cedar, and I80.
- [03:16] Graphic of "Crosslink Fast Facts": Founded in 1989, Assets Under Management: $3.4B, 13 active funds, and 178 active investments.

**Claims & numbers**
- **Market movement:** The presenter notes chip stocks fell into bear market territory the prior Friday following Moonshot's release before rebounding on Monday, with the PHLX Semiconductor Index gaining over 2% [00:05, 00:17].
- **Model specifications:** D’Onofrio highlights that Kimi K3 is a 2.8-trillion-parameter model and ranks 4th on benchmarks [01:21, 01:36].
- **Cost and pricing:** Ludlow cites Kimi K3's token pricing at $3.00 per million input tokens and $15.00 per million output tokens [05:19]. D'Onofrio notes inference infrastructure costs have fallen by 95% [04:40].
- **Model availability:** Ludlow and D'Onofrio discuss that Moonshot released the API first, with the open weights scheduled for release on July 27 [06:17, 06:21].
- **Company valuations & revenue:** Ludlow references OpenAI and Anthropic approaching $1 trillion valuations versus Moonshot at ~$20 billion; D'Onofrio notes both US frontier labs are generating billions of dollars in revenue across 1st- and 3rd-party businesses [05:40, 06:05].

**Notable quotes**
- [01:23] Mary D'Onofrio: "What it demonstrates, I think, is that China and open-weight models are closing the gap with frontier models."
- [02:19] Mary D'Onofrio: "Models keep leapfrogging one another, and if companies don't out-innovate, they're going to be leapfrogged, too."
- [06:22] Mary D'Onofrio: "It's worth noting that because it's open weight, doesn't mean it's free to run."

**Assessment**
This is a professional financial news broadcast segment featuring market commentary and venture analysis. No live software demonstration or code benchmarks are performed on-air; discussions rely on vendor announcements, public market tickers, and investor analysis.

_Described by gemini-3.8-flash on 2026-10-12 from the video's audio and frames._

## Related

- 2026-07-16: [Moonshot AI releases Kimi K3, a 2.8T-parameter open-weights multimodal model](https://postcutoff.com/e/2026-07-16-moonshot-kimi-k3/)