Moonshot Labs released Kimi K3, an open-source model rivaling Fable 5 in visual and reasoning tasks at a low cost, though it lacks in general reasoning and coding and may be a distilled version of frontier models. Thinking Machines Labs, founded by former OpenAI co-founder Mira Murati, launched Inkling, an open-weight model excelling in reasoning and fine-tuning, trained on 45 trillion tokens. OpenAI's screen-free smart speaker, developed with Jony Ive, faces a lawsuit from Apple over alleged trade secret theft. Elon Musk's xAI faced backlash for Grok Build's privacy issues, while he acquired an energy company to power xAI's data centers. DeepSeek is reportedly preparing an IPO amid rapid valuation increases.