MiniMax M1 Model Claims Chinese LLM Crown From DeepSeek

Alibaba, Tencent-backed AI unicorn MiniMax eyes Hong Kong listing, report says

Chinese artificial intelligence (AI) start-up MiniMax, which counts Alibaba Group Holding and Tencent Holdings as investors, is moving towards an initial public offering (IPO) in Hong Kong as early as this year, according to media reports. Shanghai-based MiniMax, whose last funding round in March 2024 valued the company at US$2.5 billion, was in the “early stage” of preparations for the listing, according to a Wednesday report by Shanghai-based …

China’s MiniMax LLM costs about 200x less to train than OpenAI’s GPT-4, says company

It’s becoming a familiar pattern: every few months, an AI lab in China that most people in the U.S. have never heard of releases an AI model that upends conventional wisdom about the cost of training and running cutting edge AI.In January, it was DeepSeek’s R1 that took the world by storm. Then in March, it was a startup called Butterfly Effect—technically based in Singapore but with most of its team in China—and its “agentic AI” model Manus tha…

China’s AI Challenger MiniMax: Open Models, Multi-modal Products, and IPO Drive

Pioneering Open Models: From Abab to M1Shanghai-based AI startup MiniMax has quickly emerged as a model-driven company, pushing the boundaries of large language models (LLMs). In January 2024, it launched Abab6, China’s first Mixture-of-Experts (MoE) LLM , and followed up in April with Abab 6.5, a trillion-parameter model supporting 200,000-token context lengths . The Abab 6.5 series (including an optimized 6.5s variant) was shown to approach th…

MiniMax Launches M1 AI Model, Claims It Halves Compute Needs of DeepSeek-R1

Shanghai-based artificial intelligence start-up MiniMax has unveiled its first open-source reasoning model, M1, which it says uses less than half the computing power of rival DeepSeek-R1 for certain tasks.

MiniMax M1 model claims Chinese LLM crown from DeepSeek - plus it's true open-source