So as long as Kimi added value to Fable, it's fine? Sounds good.

Valuation is hard to perform when it's deep inside a black box. Ther "API" may be easier to evaluate. The problem with this angle is that Moonshot is actually producing _better_ value from Anthropic's blackbox.

Technically, providing better value from your competitor's private holdings could be theft (of trade secrets), but might it also be fair use? "Schrodinger's IP" be damned.

I don't think the 1.5B settlement has resolved this. The 2 cases need to be merged!