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Harvey Transitions to Chinese Kimi K3 AI Model, Achieves $11 Billion Valuation

Harvey's transition to the Kimi K3 model highlights a pivotal moment in legal tech, achieving an $11 billion valuation.
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US legal tech company Harvey has pivoted to the Chinese Kimi K3 open-weight AI model for its latest offering, Harvey Tenet. This strategic shift coincides with the firm’s remarkable $11 billion valuation secured during a March 2026 funding round, showcasing the growing influence of global AI technologies in legal services.

Cutting-Edge AI Development with Nvidia GPUs

Moonshot AI closes round at $31.5 billion and is already chasing $50 billion

The development of Harvey Tenet involved extensive training with 150 Nvidia B300 GPUs over a two-month period. This significant investment in advanced processing capabilities allows the Kimi K3 model to surpass established US systems like Fable 5 and GPT-5.6 Sol, especially in managing complex legal tasks.

Growing Adoption of Open-Source AI Solutions

Harvey's adoption of open-source technology comes as AT&T reveals that 40% of its AI-related inquiries now arise from open-source models. This statistic highlights a shift towards more accessible AI technologies, though AT&T has not yet integrated Chinese AI models, illustrating ongoing hesitations in the sector about incorporating foreign tech.

Legal technology legal tools AI GenAI

Moving to the Kimi K3 model reflects a significant trend within the legal tech industry, as firms search for innovative alternatives to conventional AI systems. This transition could enhance competition and spur innovation across the sector, signaling changing dynamics in how legal services leverage technology.

As more companies like Harvey embrace international AI models, the legal tech landscape is set for transformative changes. For further insights, visit www.scmp.com: https://www.scmp.com/tech/tech-trends/article/3364827/openai-backed-legal-tech-firm-pivots-chinese-kimi-k3-open-weight-model.

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