Open Source is a Financial Model Restructuring, Not a Panic

From a financial perspective, the core issue with Kimi K3 going open-source isn't about whose tech is stronger, but rather a fundamental shift in valuation logic. The criticism from OpenAI executives is essentially a defensive reaction to their own business model, but Silicon Valley's rebuttal indicates that capital has already accepted the new rules: At the AI model layer, open source is becoming mainstream, while the high-margin story of closed source may face a valuation discount.