Core Insights - Kimi has launched the K2 Thinking model, its strongest open-source thinking model to date, featuring 1 trillion parameters and advanced capabilities [2][3] - K2 Thinking model surpasses both open-source and closed-source counterparts in various benchmark tests, achieving state-of-the-art (SOTA) performance [3][10] - The model can autonomously perform up to 300 rounds of tool calls and multi-turn reasoning, indicating a significant advancement from the previous K2 model [6][20] Benchmark Performance - K2 Thinking achieved a 44.9% SOTA score in the Humanity's Last Exam (HLE), a new benchmark designed to evaluate large models' capabilities [10][13] - The HLE test set includes 2,500 advanced academic questions across over 100 disciplines, contributed by nearly 1,000 experts from 50 countries [10][13] - Initial flagship model scores were below 20%, but advancements have led to scores exceeding 40% across the board [13] Model Development and Paradigms - Kimi's approach transitioned from a focus on "model as agent" to "model as thinking agent," emphasizing multi-turn interactions and tool usage [6][15] - The K2 Thinking model incorporates a framework that allows for better interaction with the external world, enhancing its reasoning capabilities [15][21] - The model's ability to maintain reasoning continuity through multi-step tool calls is a unique feature not supported by competitors like OpenAI's GPT series and Google's Gemini [21][23] Competitive Landscape - Kimi's valuation is significantly lower than that of major competitors, with estimates at 0.5% of OpenAI's and 2% of Anthropic's valuations [26][28] - Despite limited resources, Kimi has managed to outperform larger models like GPT-5 and Grok-4 using less than 1% of the resources [29][30] - The current landscape suggests a potential shift in the AI competition, with the possibility of Chinese companies gaining an edge over American counterparts [30]

Core Viewpoint - Kimi has launched a new Agent model named OK Computer, which showcases advanced capabilities in web development, data processing, and content generation [1][4][6]. Group 1: Design Tasks - The new Agent can create a Pygame-themed webpage autonomously, including sections on the history of Pygame, game showcases, core features, and development tutorials, demonstrating its ability to design and implement content independently [9][10][12]. - The model generates a Todo List to track progress on tasks, marking completed items and allowing users to monitor the workflow [16]. - It can autonomously conduct web searches and generate materials needed for webpage creation, showcasing its self-sufficiency in the design process [17]. Group 2: Generation Tasks - The Agent was tasked with creating a children's story and visualizing it as a picture book, which included story writing, image generation, and audio production, highlighting its multi-modal content creation capabilities [20][21]. - Additionally, it successfully produced an editable PowerPoint presentation on China's top ten original musicals, demonstrating its proficiency in generating presentation materials [22][24][26]. Group 3: Analysis Tasks - The Agent can handle data analysis tasks by searching for financial data and visualizing it, thus alleviating the burden of data collection and analysis from users [29][30]. - It can also analyze lengthy Excel documents and present the data in a clear and understandable manner, indicating its effectiveness in managing complex data sets [31][32].