MiniMax's revenue this year is expected to reach around $70 million. Its app Talkie has generated a large amount of advertising revenue, sparking a trend in AI applications that replicate companionship roles.
ByteDance is exploring the integration of large models with hardware, developing AI hardware in-house while also collaborating with external hardware companies.
ByteDance's Volcano Engine announced that it has signed a strategic cooperation memorandum with Mercedes-Benz (China) to cooperate and explore in the fields of large models, generative AI, and big data.
Researchers at ByteDance will host an offline meet up with local PHDs and discuss AI model technologies such as text-to-image and Sora-like new videos, on July 19th.
Xiaomi's AI assistant "Mi AI" has reached a cooperation with Volcano Engine. Based on the DouBao large model, both parties will bring users a more intelligent AI interactive experience.
The financing of Moonshot AI, a large-scale company, is still ongoing, and the latest valuation has reached $3 billion, with new entrants include Tencent.
ByteDance is seeking to sell its subsidiary gaming company, Moonton Technology, for a price not less than $5 billion, and has hired Goldman Sachs as a financial advisor to assist in finding and contacting potential buyers.
