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▶ 17:05 · $OPENAI · $ANTHROPIC · Chinese open models pose existential threat to Anthropic's closed-source moat
episode briefing
The Information

This Model is Better than Claude and ChatGPT

2026-07-17 · 6 company · 5 thematic
sentiment
2 bull2 bear2 neu
speakers
anastasios angelopoulos

CEO of Arena, an LLM benchmarking platform that runs real-world evaluations and leaderboards for AI models. Provides insight into model performance, pricing dynamics, and enterprise adoption trends.

quote
“we're going to see a lot of companies that are distilling American companies distilling Chinese models now instead of the other way around... it may pose like a serious threat to the to the closed source business model”
—anastasios angelopoulos
now playing · $OPENAI · $ANTHROPIC
$MOONSHOT-AIbullish· highanastasios angelopoulos
Moonshot's Kimi K3 tops coding benchmarks, threatens closed-source dominance
Kimi K3 achieves #1 rank on Code Arena with a 10% win-rate gap over Fable at Sonnet-level pricing ($3/$15 per token), proving Chinese labs can innovate beyond distillation and pot…
$ARENA-AIneutral· mediumanastasios angelopoulos
Arena's real-user benchmarks crown Kimi K3 king of coding
Arena's platform aggregates tens of millions of real-user workflows into benchmarks; its Code Arena benchmark shows Kimi K3 leading front-end coding with a substantial win-rate ma…
$THINKING-MACHINESneutral· mediumanastasios angelopoulos
Thinking Machines Lab's Inkling leads US open-source but trails Chinese rivals
Inkling ranks #1 among US open-source models but only #10 globally with nine Chinese models ahead; the team has undergone restructuring and has a long way to climb to reach fronti…
$OPENAIbearish· highanastasios angelopoulos
Chinese open models pose existential threat to OpenAI's closed-source moat
Kimi K3 and future Chinese open models will serve as base models for US companies, reversing the distillation flow and threatening the closed-source business model due to privacy,…
$ANTHROPICbearish· highanastasios angelopoulos
Chinese open models pose existential threat to Anthropic's closed-source moat
Same dynamic as OpenAI: Chinese open-weight models at frontier performance and reasonable cost undermine the value proposition of closed-source providers like Anthropic for enterp…
$GOOGL···bullish· highanastasios angelopoulos
Angelopoulos backs Google comeback, bets on Gemini 4
Despite Gemini 3.5 delays, the Google team is excellent and a strong Gemini 4 release is expected, positioning Google for a competitive comeback against OpenAI and Anthropic.