Patera Daily Report, 18 July 2026
Kimi K3 model launch and US-Iran military escalation
The new Kimi K3 AI model changes the market for competing firms. Meanwhile the US military started an aerial campaign against Iran after the death of two service members.
Moonshot AI releases Kimi K3
The Kimi K3 model uses a Sparse MoE architecture with 2.8 trillion parameters. This release impacts the valuations of competitors like Minimax and Zhipu AI.
US military strikes Iranian provinces
The US launched a massive aerial campaign near the Strait of Hormuz. This action follows the killing of two US service members in Jordan.
England wins World Cup bronze medal
England defeated France 6-4 in the 2026 World Cup bronze medal match. Bukayo Saka scored a hat-trick and Jude Bellingham set a record with his seventh goal.