Why we said Watch
What it is
Moonshot’s Kimi models, including open-weight checkpoints. See the official page. This profile describes public documentation, not a Loaded Tokens hands-on test.
Who it is for
People comparing a Kimi download with the hosted Kimi product. The recommendation is scoped to that job.
The evidence behind Watch
The Hugging Face org is the index of checkpoints. The license file on the card is the grant. The source page is the receipt. No speed ranking or reliability score is implied.
Pricing and the catch
Weights are free to download where the model card allows it. Hosted Kimi is a separate account. Public pricing or license checked November 7, 2026. Amounts are as stated on that page. Tax, region, annual billing, and extra usage can change the bill.
A sensible first workflow
Open the card for the checkpoint you mean to run and read the license before you fine-tune it. This is a suggested evaluation, not a test we ran.
Bottom line: Watch until the specific card matches the job.