STORY · MODELLER_
Open models on the Pareto frontier: Laguna S2.1, Inkling, and Kimi K3
The overview documents a new wave of open AI model releases from labs around the world, including Inkling from Thinking Machines (975B multimodal MoE), Laguna S2.1 from Poolside (118B MoE), Kimi K3 from Moonshot AI, and updates from DeepSeek and Tencent. The trend shows that several companies are now investing hundreds of billions of dollars building competing models, rather than the previously expected industry consolidation.
WHY IT MATTERS
This signals a shift in the AI industry: instead of fewer players dominating, multiple companies are now building 'token machines' as a generation resource. The open model market is becoming a competitive arena for value creation, with particular emphasis on Chinese actors like Moonshot and Tencent accelerating their release pace.
SOURCES
MACHINE-GENERATED SUMMARY This summary is written by machine from the sources below. We sort and explain — but we are a way into the field, not the final word. Check the source when something matters to you.