SITUATION EXPLAINED: Kimi K3 is out. It's a massive open model, priced like Sonnet, and reportedly beating Opus. • Kimi K3 launched with docs on Moonshot's site and in the chat interface, confirmed 2.8 trillion parameters, native visual understanding, and a 1 million token context window, built on a new architecture called Kimi Delta Attention • Priced at $3/$15 per million tokens, about a third of Fable's cost • Early read: reportedly outperforming Opus, while trailing Fable and Sol, on…