Kimi K3 徹底レビュー

2.8Tパラメータ · KDAアーキテクチャ · 100万token · ベンチマーク全表 · 7/27 ウェイト公開

Kimi K3 Moonshot AI 2.8T open-source LLM review benchmarks and pricing

2026年7月16日深夜、Moonshot AI(月之暗面)はAPIドキュメント上部に「Kimi K3 公開」を静かに掲示しました。キーノートもカウントダウンもなく、2.8兆パラメータという史上最大のオープンソースAIモデルがそのまま利用可能に。Kimi K3 vs Claude Fable 5 vs GPT-5.6 Solの選定や7月27日のウェイト公開を待つ開発者向けに、KDA/AttnRes/Stable LatentMoEアーキテクチャ、全ベンチマーク表、料金マトリクス、4つの接続方法、6ステップRunbookを提供します。SWE Marathon長時間コーディング、OmniDocBench文書理解、国内API料金、WAIC戦略シグナルも網羅します。データ基準日:2026-07-17

01

Kimi K3とは?2.8Tパラメータと公開背景

On July 16, 2026, Moonshot AI quietly shipped Kimi K3: a technical blog, a pricing page, and a callable model ID kimi-k3. The low-key launch contrasts sharply with its 2.8T parameter count — roughly 75% larger than prior record holder DeepSeek V4 Pro (1.6T), 2.7x Xiaomi's open model (1.02T), and more than 7x Alibaba's (397B).

SpecDetails
Total parameters2.8 trillion (2.8T)
ArchitectureKimi Delta Attention + Attention Residuals + Stable LatentMoE
Active experts16 of 896 per forward pass (1.8% sparsity)
Context window1,048,576 tokens (1M — roughly five full novels)
Input modalitiesText, image, video (native vision)
Reasoning modesMax effort only today; low/high coming later
API pricing$3 / $15 per 1M tokens (input/output)
Open weightsJuly 27, 2026 — full release on Hugging Face

Bottom line: Kimi K3 is an open-weight, vision-native, long-memory coding model priced roughly 40% below Claude Opus 4.8, with full weights promised on July 27.

The launch context matters too. DeepSeek's rise squeezed Moonshot over the past 18 months, but K3 is a sharp counterpunch — Kimi held the open-source size crown for 9 of the past 12 months; timing landed the night before WAIC 2026; ARR crossed $300M by June 2026; a sixth funding round this year valued the company at $31.5B pre-money; API revenue exceeds 70% of total; overseas paid users grew 400%.

Before you pick a model, developers usually hit five pain points:

  1. 01

    Context too short: 200K windows truncate large repo analysis; long coding tasks need constant context stitching.

  2. 02

    Closed API costs spiral: Claude Opus 4.8 output runs $25/M; high-frequency agents can rack up five-figure monthly bills.

  3. 03

    Open models lagged: Even DeepSeek V4 Pro — previously the largest open model — trailed closed flagships on long tasks like SWE Marathon.

  4. 04

    Self-reported benchmarks: Each vendor uses a different harness (Kimi Code / Codex / Claude Code) — cross-reading required.

  5. 05

    Self-hosting barrier: A 2.8T model needs a 64+ accelerator supernode; until July 27, API or kimi.com only.

02

3大アーキテクチャ革新:KDA、AttnRes、Stable LatentMoE

Kimi K3 is not raw parameter stacking — it introduces engineering-level changes across attention, residual connections, and MoE routing, delivering roughly 2.5x better scaling efficiency versus Kimi K2.

2.1 Kimi Delta Attention (KDA)

Full attention makes KV cache memory grow quadratically on long contexts. KDA is a hybrid linear attention mechanism alternating linear and full-attention layers at a 3:1 ratio — three linear layers handle local structure, one full-attention layer preserves global information flow. Results: up to 75% less KV cache memory; up to 6.3x faster decoding at 1M tokens; beats pure full-attention baselines on short, long, and RL scaling workloads.

2.2 Attention Residuals (AttnRes)

Standard residual connections accumulate uniformly by depth, diluting high-value representations from early layers. AttnRes adds selective retrieval — the model can pull valuable early-layer features across depth directly, yielding roughly 25% training efficiency gains with under 2% extra compute.

2.3 Stable LatentMoE

TechniqueRole
Quantile BalancingDerives expert allocation from router score quantiles — no heuristic hyperparameters
Per-Head MuonPer-attention-head optimization for more adaptive large-scale training
Sigmoid Tanh Unit (SiTU)Improved activation function control
Gated MLASharper attention selectivity

If full attention is memorizing every conversation detail at once, KDA is an efficient assistant — fast indexing most of the time, precise recall when it counts. That is how K3 delivers a 1M token window at mainstream pricing.

03

ベンチマーク徹底解説:SWE Marathon、OmniDocBench、Intelligence Index

Core benchmarks below are Moonshot self-reported (K3 via Kimi Code, GPT via Codex, Claude via Claude Code). Independent third-party reproduction is still in progress — treat these as directional.

BenchmarkKimi K3Claude Fable 5GPT-5.6 SolClaude Opus 4.8GLM-5.2
DeepSWE67.570.073.059.046.2
Program Bench77.876.877.671.963.7
Terminal Bench 2.188.384.688.884.682.7
FrontierSWE81.286.671.366.767.3
SWE Marathon42.035.039.040.013.0
BrowseComp91.288.090.484.3
Automation Bench30.829.129.727.212.9
GPQA-Diamond93.592.694.191.091.2
MMMU-Pro (vision)81.681.283.078.9
OmniDocBench91.189.885.887.9
  • SWE Marathon (42.0, first place): Tests sustained long-code work — closest proxy to "coding for hours straight"
  • Program Bench (77.8, first place): Edges Fable 5 (76.8) by a narrow margin
  • FrontierSWE: Fable 5 leads at 86.6; K3 still crushes GPT-5.6 Sol (71.3)
  • OmniDocBench (91.1, first place): Highlights vision + long-context synergy
  • Artificial Analysis Intelligence Index v4.1: K3 scores 57.1, ranking fourth — behind Fable 5 (59.9) and GPT-5.6 Sol (58.9), only 2.8 points off the top

Note: Vendor-reported numbers using different harnesses are not directly comparable. On deep reasoning tasks like HLE-Full, Claude Fable 5 still leads by a wide margin (53.3 vs K3's 43.5).

04

料金比較とシナリオ別選定マトリクス

K3 standard pricing matches Claude Sonnet 5 ($3/$15) but ships 5x the context; cache hits drop to $0.30/M, and coding workflows report cache hit rates above 90% — making effective input cost very low.

ModelInput ($/M)Output ($/M)Cache hit inputContext
Kimi K3$3.00$15.00$0.301M
Claude Sonnet 5$3.00 (promo $2)$15.00 (promo $10)200K
Claude Opus 4.8$5.00$25.00200K
GPT-5.5$5.00$30.00400K
DeepSeek V4 Pro$1.74$3.48$0.145128K
Kimi K2.6$0.95$4.00$0.16256K

China domestic API pricing: input ¥20/M, output ¥100/M, cache hit ¥2/M. Consumer kimi.com is free with a basic account; prepaid plans start at ¥199 (promo through August 11).

Scenario selection matrix

ScenarioRecommended modelWhy
Sustained long-code tasksKimi K3SWE Marathon leader, longest context
Complex repo-level bug fixingClaude Fable 5FrontierSWE / SWE-bench Pro lead by a wide margin
Terminal/toolchain-heavy agentsGPT-5.6 SolTerminal Bench and Coding Agent Index lead
Ultra-long docs / multimodal understandingKimi K3OmniDocBench leader, native vision + 1M context
Cost-sensitive workloadsDeepSeek V4 ProOutput only $3.48/M
Open self-hosting (post July 27)Kimi K3Strongest open weights available
05

6ステップRunbook、オープンウェイト公開と主要数値

K3 is live on kimi.com, the Kimi app, Kimi Code, and the Moonshot API. Here is a six-step runbook to go from zero to production:

  1. 01

    Try it in browser or app: Visit kimi.com, sign up (Google login supported). K3 runs at max reasoning by default — no credit card required.

  2. 02

    Get an API key: Create a project at platform.kimi.ai, copy your key, and confirm balance and rate limits.

  3. 03

    Configure the OpenAI-compatible SDK: Set base_url=https://api.moonshot.ai/v1 and model ID kimi-k3 (see code below).

  4. 04

    OpenRouter (optional): Model ID moonshotai/kimi-k3 at official $3/$15 pricing, no markup, full 1M context.

  5. 05

    Optimize cache hit rate: Keep system prompts stable in coding workflows; leverage Mooncake disaggregated inference. Cache hits cost only $0.30/M input — Moonshot reports 90%+ hit rates in coding scenarios.

  6. 06

    Mark the July 27 milestone: Full weights land on Hugging Face; expect day-one support in vLLM, SGLang, and transformers. Production deployment needs a 64+ accelerator supernode.

python
from openai import OpenAI

client = OpenAI(
    api_key="your_moonshot_api_key",
    base_url="https://api.moonshot.ai/v1"
)

response = client.chat.completions.create(
    model="kimi-k3",
    messages=[{"role": "user", "content": "Help me analyze this code..."}]
)

July 27 open-weight promise

Moonshot's official WeChat announcement confirms full model weights on July 27. K3 will become the largest downloadable open model ever, the first open weights above 2T parameters, and a new fine-tuning base for the open community. Weights trained in MXFP4 with MXFP8 activations — quantization-friendly, with MXFP4/NVFP4 variants expected on Hugging Face.

Hard numbers worth citing

  • Parameters: 2.8T — nearly 75% above DeepSeek V4 Pro (1.6T)
  • KDA efficiency: KV cache -75%, 1M token decode +6.3x
  • MoE sparsity: 896 experts, 16 active (1.8%)
  • Effective API cost: 90%+ cache hits in coding; weighted input ~$0.55/M (OpenRouter 7-day weighted average)
  • Timeline: WAIC July 17–20 → July 27 full weight release

Kimi K3 is not a vanity parameter count — it ships real engineering innovation, matches or beats some closed flagships on long-code and document understanding, and commits to full open weights. That signals China's open AI ecosystem moving from "cheap market share" to genuinely challenging the frontier.

APIアクセスはK3推論をカバーしますが、iOS署名チェーン、Xcodeローカルビルド、Metalワークロード、24/7 CIには実機macOSが依然必要です。VMはオーバーヘッドとEULAリスクを伴い、ノートPCではAgent常駐も困難です。本番iOS CI/CDとAgent自動化には、VpsMesh Mac Miniクラウドレンタルが通常より優れた選択です。ベアメタルApple Silicon、root権限、予測可能な月額で、K3クラウド推論とクラウドMacビルド・署名を組み合わせられます。

Sources: Moonshot AI official blog · Kimi API Platform docs · MarkTechPost · VentureBeat · SCMP · Artificial Analysis · OpenRouter pricing page. Benchmarks are Moonshot self-reported as of July 16, 2026.

FAQ

よくある質問

kimi.comの無料アカウントでK3を利用できます(max推論がデフォルト)。APIは従量課金 $3/$15 per 1M tokens。7×24ビルド環境はMac Mini M4 レンタル料金を参照してください。

Full weights arrive on July 27, 2026 via Hugging Face. Production inference needs a 64+ accelerator supernode — not a laptop. Until then, use the API or kimi.com.

K3はパラメータ約2倍(2.8T vs 1.6T)、コンテキスト1M vs 128K、ベンチマークも優位。DeepSeek出力は$3.48/Mのみ。詳細はOpenRouterモデル選定ガイドを参照。

Yes — especially for whole-repo analysis, long legal or research documents, and multi-turn agents that need persistent memory. K3 charges flat per-token rates with no length surcharge, so using the full window is practical.

Moonshot says low and high effort modes are coming in a future update. Only max is available today. For a 24/7 build environment, see Mac Mini M4 rental pricing.

Use model ID moonshotai/kimi-k3 at Moonshot's official $3/$15 pricing with no markup and full 1M context. Deployment details in our help center.