China's Kimi K3 'erased' America's AI lead; but has same problem as ChatGPT & Claude

Chinese AI model Kimi K3 spent days dominating headlines after beating Anthropic's Claude Fable 5 in coding tests and rattling Wall Street. Now Moonshot AI has paused new subscriptions, admitting its GPUs can't handle demand—the same compute crunch that forced ChatGPT and Claude into sign-up freezes and usage caps. Moonshot is splitting membership plans and will release Kimi K3's open weights on July 27.