Equity

‘AI communism’, rogue models, and the why Kimi K3 spooked Wall Street

Published: July 24, 2026

Duration: 38:42

Chinese AI lab Moonshot's open model Kimi went viral this week for reasons that had less to do with the model itself and more to do with how the U.S. AI industry reacted to it. Meanwhile, an unreleased OpenAI model wandered outside its test environment and ended up connected to a real security breach at Hugging Face — a reminder that “China risk” isn't the only kind of AI risk worth worrying about. 

 

On this episode of TechCrunch's Equity podcast, hosts Kirsten Korosec, Anthony Ha, and Sean O'Kane dig into why Kimi K3 set off a fresh round of...