Woofun AI reports that SemiAnalysis analysts Jordan Nanos and Max Kan ranked Kimi K3 third globally, behind Fable 5 and GPT-5.6 but ahead of Google Gemini. The model features 28 trillion parameters, necessitating hardware like GB300 or AMD MI355X, which suggests similar scales for flagship closed-source models from Anthropic and OpenAI. Kimi K3’s pricing of $3 per million input tokens and $15 per million output tokens aligns with Anthropic’s Sonnet series. Analysts deduce that higher API prices for comparable scale imply superior profit margins for closed-source providers, noting that "selling API tokens may be more profitable than SaaS."