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Backed by Alibaba and Tencent, MiniMax may go public soon--offering investors rare access to China's AI uprising.
Chinese upstart MiniMax is slated to roll out a pair of AI products that autonomously perform tasks on behalf of users, upping its game in the realm of agentic AI against the likes of OpenAI and Manus ...
MiniMax, a unicorn valued at US$2.5 billion, was in the ‘early stage’ of preparations for the listing, according to news outlet The Paper.
MiniMax-M1 presents a flexible option for organizations looking to experiment with or scale up advanced AI capabilities while managing costs.
MiniMax raised US$600 million last year in a financing round that valued it at about US$2.5 billion at the time.
Alibaba's focus on AI investments, cloud growth, and strategic assets highlight long-term potential and undervaluation. Read ...
MiniMax is considering an initial public offering in Hong Kong, people familiar with the situation said, in what would be a landmark industry debut for a Chinese AI startup valued at about $3 billion.