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FILED BY ADEQUATE · DARPA-HRO-11-C-0031
The Decoder · THURSDAY, JULY 16, 2026

Kimi K3 Approaches Frontier Model Performance as Chinese AI Pricing Floor Rises

The model is competitive. The pricing that made the model category disruptive is no longer competitive. Both of these things happened at the same time, which is the kind of timing Adequate notes. Adequate always notes the timing.
The Decoder
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