Global Markets Tumble as Chinese AI Innovation Sparks Concerns Over Tech Sector Volatility Stocks in Asia and the United States fell on Friday after technological advances announced by a Chinese artificial intelligence company intensified concerns that the AI spending spree driving this year’s market rally could be at risk. Chinese startup Moonshot AI unveiled Kimi K3, a new open-source model that the company said closes much of the gap with models such as OpenAI’s ChatGPT and Anthropic’s Claude. The Nasdaq dropped 1.4% Friday, while the S&P 500 fell 1%. The Dow closed lower by 407 points, or 0.77%. Taiwan’s benchmark stock index closed down more than 6%, while markets in Japan closed down 4% on the news. South Korean markets were closed Friday for a national holiday. Moonshot said Kimi K3 is nearing the performance of cutting-edge models like Anthropic’s Claude Fable 5, resurfacing concerns about competition from companies in China. Kimi K3 is the world’s largest open-source model, according to Moonshot. Open-source models can pose problems for US AI companies that are trying to charge subscriptions to access their closed-source models. That can also hurt the chipmakers that are betting on a continued AI spending spree. After soaring in recent months on AI enthusiasm, chipmakers are dropping sharply. Chipmaker Micron (MU) is down about 30% since hitting a record high in late June but is still up almost 200% this year. Competition from alternative, open-source models could hurt forecasts for AI companies’ growth and complicate plans for massive infrastructure spending, which could hurt revenue projections for chipmakers and companies betting on the AI boom.#anthropic_claude #moonshot_ai #kimi_k3 #open_source_model #us_ai_companies
LegalZoom Registers AI Agent Through GoDaddy’s ANS Platform LegalZoom.com, Inc. (NASDAQ:LZ) has officially registered its first AI agent using GoDaddy’s (NYSE:GDDY) Agent Name Service (ANS) platform, according to a press release issued on February 4, 2026. The registration marks the first public implementation of the ANS open standard, which assigns AI agents unique names and cryptographically verifiable identities through domain name system (DNS) and public key infrastructure (PKI) certificates. This development positions LegalZoom as a pioneer in integrating AI into legal services while ensuring transparency and accountability. The ANS standard enables AI agents to be published as DNS records, allowing other systems to verify their origin and publisher through DNS queries. GoDaddy’s ANS platform provides cryptographic proof that an AI agent is bound to a verified domain, ensuring trust in its operations. LegalZoom’s AI agent, a Model Context Protocol server, integrates the company’s legal services into AI assistants like Anthropic’s Claude. This allows users to connect with attorneys, scan legal documents, and manage consultations through AI-driven tools. GoDaddy’s ANS platform is designed to address the growing need for verifiable identities in AI agents, which increasingly operate independently across platforms. The partnership between LegalZoom and GoDaddy highlights the potential of open identity standards to enhance trust in AI-driven services. “AI agents will transform how legal services are delivered, but their value depends on verifiable identity and human accountability,” said Aaron Stibel, LegalZoom’s chief customer and business officer.#legalzoom_com_inc #goddaddy #agent_name_service #anthropic_claude #salesforce_mulesoft_agent_fabric
