Kimi K2 Thinking vs Qwen3.5-397B-A17B

Moonshot AI

Kimi K2 Thinking, released by Moonshot AI on November 6, 2025, is a reasoning-focused variant of Kimi K2 with 1 trillion total parameters and 32 billion active parameters, featuring extended chain-of-thought processing for complex problem solving. It builds on K2's agentic coding strengths with additional capabilities for mathematical and scientific reasoning. Kimi K2 Thinking targets open-source deployments requiring deep, deliberate reasoning across coding and analytical domains.

Alibaba / Qwen

Qwen3.5-397B-A17B is a 397-billion-parameter mixture-of-experts model from Alibaba's Qwen team, released in February 2026 as the open-weight flagship of the Qwen3.5 series, featuring 17 billion active parameters per forward pass through a hybrid linear-attention and sparse-MoE architecture based on Gated Delta Networks. The model was co-trained on text, images, and video using early fusion, making it natively multimodal across a 262K token context window, while achieving significantly higher inference throughput than comparable dense models due to its sparse computation design. At release it was one of the most capable open-weight models publicly available, offered under Apache 2.0 and accessible through Alibaba's DashScope API as the Qwen3.5-Plus endpoint.