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Why did Moonshot AI suspend new sign-ups for the Kimi K3 model?

Moonshot AI suspended new Kimi K3 sign-ups because demand for the 2.8-trillion-parameter open-weight model overwhelmed its compute infrastructure and pushed its GPU resources to the absolute limit. The company is prioritizing compute power for existing subscribers and delaying new signups until it can access more compute, while reorganizing membership tiers to better allocate resources and improve service stability. Answered

China just had another DeepSeek moment, and its new AI model is rattling global markets