据报道，AI独角兽月之暗面（Kimi）已以保密形式向港交所递交A1文件，启动港股上市，并同步以500亿美元投前估值推进IPO前最后一轮融资，公司不予置评。其资本动作加快，今年已推出K2.5、K2.6、K3，约每三个月迭代一次，ARR自3月初以来快速提升。
月之暗面官宣第一代万亿参数多模态模型Kimi K2.5将于本月底结束服役。该模型今年1月推出并开源，是Kimi迄今最全能模型，采用原生多模态架构，支持视觉与文本输入、思考/非思考模式、对话与Agent任务，在Agent、代码、图像、视频及通用智能取得开源SOTA。K3将接力，参数规模再上台阶。
Cursor发布自研编程大模型Composer 2.5，基于月之暗面Kimi K2.5开源模型微调，训练数据量比前代增加25倍，并将85%计算预算用于强化学习与扩展训练，显著提升编程逻辑能力。
Cursor发布AI编码模型Composer2.5重大升级，基于月之暗面开源Kimi K2.5构建，训练规模达前代25倍，将85%计算资源用于额外训练与强化学习，实现核心性能跨越式突破，显著提升AI编程效能与性价比。
Google
$2.1
输入tokens/百万
$17.5
输出tokens/百万
1k
上下文长度
$0.7
$2.8
Alibaba
-
Bytedance
$1.2
$3.6
4
$0.8
$2
128
$8
32
$0.5
$8.75
$70
$1.6
$4
Baichuan
Minimax
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