Market Update: When It Rains, It Pours: Chinese Kimi K3 Questions AI Scaling Narrative as Middle East Fires Up Oil

Today is one of those, “When it rains, it pours” days. There are two major drivers in a fast-paced market. In a way, you could say today is a DeepSeek 2.0 moment. China’s AI rise is threatening the trillion-dollar capex narrative.  A surprise breakthrough from Chinese AI startup Moonshot, releasing Kimi K3, sent the model…