【#Tech24H】In an announcement released late on July 19, Kimi acknowledged severe compute shortages and declared an immediate halt to new consumerside subscriptions, while dedicating all existing compute capacity to guarantee service for existing subscribers. The catalyst was the Kimi K3 model. On July 17, Kimi officially launched Kimi K3, the most powerful flagship model from Moonshot AI to date, which ranked first on the frontend code leaderboard of ArenaAI. That same day, user feedback flooded social media, and the phenomenal popularity quickly translated into surging traffic. Six months earlier, Z.ai had also apologized for failing to keep expansion pace with new model releases. The “subscription cap” incident not only validated the genuine market demand for opensource domestic models, but also made compute elasticity a new competitive threshold. [ By Zhang Liyan | Tang Ruohan ]