[7/19 21:00] Moonshot AI pauses new Kimi K3 subscriptions on surging demand / McKinsey report says 60 percent of agentic AI costs go to response refinement

AI News Flash for July 19, 2026 at 21:00 UTC. Topics: 1. Moonshot AI pauses new Kimi K3 subscriptions on surging demand https://x.com/Kimi_Moonshot/status/2078855608565207130 2. McKinsey report says 60 percent of agentic AI costs go to response refinement https://www.marketscale.com/industries/software-and-technology/60-of-agentic-ai-costs-go-to-response-refinement-and-most-enterprises-are-already-over-budget-5f0183 3. UK ONS survey finds 38 percent say AI brings more risks than benefits https://www.ons.gov.uk/peoplepopulationandcommunity/wellbeing/bulletins/publicopinionsandsocialtrendsgreatbritain/june2026 4. Open-source Bouncer extension rewrites the X algorithm with a local LLM https://www.xda-developers.com/open-source-extension-lets-you-rewrite-your-x-algorithm-using-local-llm/