MYSTERIOUS: Minimax | Mind Blowing Facts

Tech Brief (Sept. 18): Huawei Speeds Up AI Chip Roadmap

China’s AI hiring surges as industry pivots to practical applications, MiniMax joins Singapore’s AI skills popularization program

Caixin Global · Sep 18

China's MiniMax sees revenue nearly quadruple in first half as AI demand surges

Revenue for the six months ended ‌June 30 ⁠rose ⁠283.1% from a year earlier to $116.6 million, reflecting surging demand for cheaper, ​open-source-based models from Chinese providers. MiniMax said it will keep pushing to extend the "performance-cost frontier," first ​getting performance to a level that ⁠can handle ‌complex real-world tasks…

The Economic Times · Aug 26

Tech Brief (Aug. 21): Memory-Chip Maker YMTC Moves Closer to Shanghai IPO

Unitree shares decline as founder flags limits of humanoid robots, MiniMax launches new AI-native creation platform

Caixin Global · Aug 21

Markets may have just experienced their second DeepSeek shock, this time thanks to a Chinese AI lab named after a Pink Floyd album

K3 might undermine the conventional wisdom that U.S. firms can maintain their extended lead by simply outspending Chinese competitors on computing power.

Fortune · Jul 17

China's Moonshot unveils world's largest open AI model, closing in on US rivals

The launch, which comes a ​month after Anthropic's Fable and Mythos models were abruptly withdrawn by the U.S. government due to security concerns, underscores how quickly China's open AI ecosystem is narrowing the gap with the most advanced U.S. systems.

The Economic Times · Jul 17

Moonshot’s Kimi K3 pushes Chinese AI into Fable-level territory

“K3 stands as Moonshot AI's most powerful open-source coding model to date,” Moonshot AI wrote in a press release.

Fortune · Jul 17

China's AI Race Is Producing New Winners. Goldman Sachs Says A Few Models Are Pulling Ahead.

China's rapidly expanding artificial intelligence sector is beginning to produce clear leaders as companies compete to improve large language models and expand enterprise adoption.

International Business Times · Jul 14

Tech Brief (July 13): Tencent Expands AI Computing Capacity After Hy3 Demand Surge

Chinese AI developer MiniMax raises HK$16 billion, Xiaomi cuts jobs across divisions as earnings come under pressure

Caixin Global · Jul 13

Business Brief (July 10): Chinese AI Stocks Surge After Goldman Sachs Report

China issues guidelines to boost retail innovation, MiniMax shares plummet as lockup period expires

Caixin Global · Jul 10

China's MiniMax plans to launch giant 2.7 trillion parameter model

Chinese AI firm MiniMax is developing a 2.7 trillion-parameter model. This new model could become the world's largest open-weight AI system. Cheaper Chinese AI models are gaining traction as alternatives to US systems. MiniMax will also launch a multimodal video generation model soon. The company is planning a second listing…

The Economic Times · Jul 8