Moshi models two streams of audio: one corresponds to Moshi, and the other one to the user. At inference, the stream from the user is taken from the audio input, and the one for Moshi is sampled from the model's output. Along these two audio streams, Moshi predicts text tokens corresponding to its own speech, its inner monologue, which greatly improves the quality of its generation. A small Depth Transformer models inter codebook dependencies for a given time step, while a large, 7B parameter Temporal Transformer models the temporal dependencies. Moshi achieves a theoretical latency of 160ms (80ms for the frame size of Mimi + 80ms of acoustic delay), with a practical overall latency as low as 200ms on an L4 GPU.