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Moonshot is printing money on k3. It likely costs the same to serve as qwen3.8. The license requires all major inference providers to sign an extra (secret) licensing agreement with moonshot that almost certainly requires them to agree to this price and pay royalties to moonshot. Watch as the k3 price plummets over the next 1-2 weeks.
If k3 is open-weight (and it's available on hugging face [1]), how could they force providers to sing an extra (secret) licensing agreement?

Edit to answer my own question:

License file [2] states:

> If the Licensee or any of its affiliates operates a Model as a Service business, and the aggregate revenue of the Licensee and its affiliates exceeds 20 million US dollars (or the equivalent in other currencies) in total over any consecutive 12 months, the Licensee must enter into a separate agreement with Moonshot AI before using the Software or its derivative works for any commercial purpose.

[1] https://huggingface.co/moonshotai/Kimi-K3

[2] https://huggingface.co/moonshotai/Kimi-K3/blob/main/LICENSE

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