Memo: MiniMax CEO Junjie Yan tells employees he will forgo his salary until MiniMax achieves AGI and promises to allocate personal shares to employee incentives
MiniMax is looking to raise as much as $2B by selling 35.6M shares at ~$34 each and offering ~$830M in zero-coupon convertible bonds due in 2027
and is committing 4% of his personal equity over 4 years to reward long-term employees. He's also dedicating 1% of his equity to the [image]Hasan /@ubermenscchh:MiniMax has just closed a $2B funding r...
MiniMax is looking to raise as much as $1.9B by selling 35.6M shares at ~$34 each and offering ~$830M in convertible bonds due 2027
Sources: MiniMax is working on a 2.7T-parameter model internally called M3 Pro, which it could release as early as Q3 as open source; M3 has 428B parameters
Chinese AI developer MiniMax is working on a new large language model with 2.7 trillion parameters, larger than any other Chinese AI models currently …
Zhipu's shares closed up 33% on June 15 after JPMorgan raised the stock's price target and picked it as a winner against rival MiniMax, whose stock closed up 7%
Zhipu's shares closed up 33% on Monday after JPMorgan raised the stock's price target and picked it as a winner against MiniMax; MiniMax closed up 7%
Shares of Chinese AI model maker Zhipu surged after JPMorgan Chase & Co. raised the stock's price target and picked it as a winner against close rival MiniMax.
Chinese AI developer MiniMax debuts M3, a new coding model that it says rivals Claude Opus 4.7, costing $0.12 per 1M input tokens, compared with $5 for Opus 4.7
Chinese AI developer MiniMax on Monday launched a new large language model called M3, saying the new model's coding capability approaches …
Filing shows Shanghai-based MiniMax has begun preparations for a Chinese IPO; the AI company listed in Hong Kong in January and says its ARR has reached $300M
Filing shows Shanghai-based MiniMax has begun preparations for a Chinese IPO; the AI company listed in Hong Kong in January and says its ARR has reached $300M
A look at DeepSeek's model optimization to reduce HBM use, potentially enabling domestic memory, ASIC, and CPU makers to create a Chinese AI hardware ecosystem
Have you ever wondered, how DeepSeek may make money, and lot of it? They didn't come up with competitive coding plans like GLM, MoonShot and MiniMax.