Algebraic Kasparov K-theory. I

Abstract

This paper is to construct unstable, Morita stable and stable bivariant algebraic Kasparov $K$-theory spectra of $k$-algebras. These are shown to be homotopy invariant, excisive in each variable $K$-theories. We prove that the spectra represent universal unstable, Morita stable and stable bivariant homology theories respectively.