
Alibaba Leads Funding for Large-Scale Model Startup MiniMax
The large-scale model startup project MiniMax is undergoing a new round of major financing, with Alibaba as the core lead investor.
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The large-scale model startup project MiniMax is undergoing a new round of major financing, with Alibaba as the core lead investor.
Shanghai-based AI startup MiniMax announced the release and open-sourcing of its next-generation MiniMax-01 series models. This release includes the foundational language model MiniMax-Text-01 and the visual multimodal model MiniMax-VL-01.
OpenAI has stopped providing API services to China, and Chinese large model companies are launching 'relocation plans' one after another.
Startup company MiniMax completes round B financing, led by Alibaba, with a doubled valuation in the new round.
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.
iQiyi accuses Chinese AI startup MiniMax of allegedly infringing its copyright in the process of AI model training and content generation, seeking 100,000 yuan in damages.
The AI video startup 'Avolution.ai' will be acquired by MiniMax. The two parties have already finalized the acquisition intention.
Tencent has reportedly made its first investment in large-scale AI models, contributing to a new $250 million financing round for startup MiniMax, which values the firm at over $1.2 billion.
On August 31, startup company MiniMax launched its first video-generating large model.
The star product Talkie under the AI unicorn company MiniMax is suspected to have been removed from servers in the United States.