Shipped Early
Moonshot AI released the full model on July 26, beating its own July 27 target.
The Scale
A mixture of experts design fires 16 of 896 experts per token, with a 1 million token context window.
The Benchmarks
It scored 88.3 on Terminal-Bench 2.1 and 67.5 on DeepSWE, trailing only Claude Fable 5 and GPT-5.6 Sol.
The Catch
Companies above 20 million dollars in annual revenue need a separate deal before running it in production.
The Business
Moonshot is reportedly raising at a 50 billion dollar valuation, with a Hong Kong listing possible this year.
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Every benchmark, the license terms and the political scrutiny in the complete article.