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The Latest Breaking News from Minimax

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The launch, which comes a month after Anthropic's Fable and Mythos models were abruptly withdrawn by the U.S. government due to security concerns, underscores how quickly China's open AI ecosystem is narrowing the gap with the most advanced U.S. systems.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

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

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.

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

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

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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

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

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

Global Market: Profit-booking fears rise as Hong Kong's hottest IPOs face lock-up expiry

Hong Kong's equity market is set for a record wave of lock-up expirations, with billions of dollars' worth of previously restricted shares becoming eligible for trading. Analysts warn the increased supply could weigh on stock prices, even as strong IPO gains encourage profit-booking and investors closely monitor market sentiment.

The Economic Times

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Johns Hopkins Gamer Built A $1 Billion AI Startup At 29 — Reached 20 Million Users In Just 3 Years

Johns Hopkins Gamer Built A $1 Billion AI Startup At 29 — Reached 20 Million Users In Just 3 Years

Vast, a Beijing startup, surpasses $1 billion valuation with $200M funding for Tripo AI, transforming text into 3D models. Discover its global impact and plans for an 'interactive TikTok' in gaming.

International Business Times UK

‘Extraction and distillation’: US State Department upgrades AI theft accusations to target China’s Deepseek, Moonshot AI and MiniMax

‘Extraction and distillation’: US State Department upgrades AI theft accusations to target China’s Deepseek, Moonshot AI and MiniMax

The State Department says Chinese AI companies are 'distilling' US AI models.

DeepSeek unveils its newest model at rock-bottom prices and with ‘full support’ from Huawei chips

DeepSeek unveils its newest model at rock-bottom prices and with ‘full support’ from Huawei chips

The narrow gap between DeepSeek and leading U.S. models, as well as its low prices, raises questions about OpenAI’s and Anthropic’s competitive moat.

Tech Brief (Apr. 14): CATL Nears 2 Trillion Yuan Valuation

Tech Brief (Apr. 14): CATL Nears 2 Trillion Yuan Valuation

DeeSeek V4 expected in late April, ShengShu Technology completes 2 billion yuan funding round

China went from uninvestable to unavoidable—and Hong Kong is cashing in with a slew of AI-centric IPOs

China went from uninvestable to unavoidable—and Hong Kong is cashing in with a slew of AI-centric IPOs

The boom in initial public offerings is boosting the city’s stature among the world’s exchanges.

Blazing hot IPOs, an AI agent craze, and a new word for ‘token’: Here’s what’s happening in the world of Chinese AI

Blazing hot IPOs, an AI agent craze, and a new word for ‘token’: Here’s what’s happening in the world of Chinese AI

China hopes to build a “token economy,” backed by open-source models and real-world AI applications—even as U.S. export controls still hold things back.

China could be the ‘big winner’ in the AI race, thanks to abundant power, cheap manufacturing, and an open-source craze

China could be the ‘big winner’ in the AI race, thanks to abundant power, cheap manufacturing, and an open-source craze

Mohit Kumar, Jefferies’s global macro strategist, cites valuations, cheap power, and “wider adoption of AI” for his bullishness on China’s tech sector.

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‘Raise a lobster’: How OpenClaw is the latest craze transforming China’s AI sector

The OpenClaw craze aligns with China’s embrace of open-source AI, a strategy that has helped build labs’ reputation among the developer community.

'People don’t trust bad AI voices': listeners rated a Chinese startup's synthetic voices higher for trust and realism than those from Microsoft, Google, and Amazon

Listeners rated a Chinese startup's AI voices more realistic and trustworthy than those from Microsoft, Google, and Amazon.

Anthropic claims 3 Chinese companies ripped it off, using its AI tools to train their models: ‘How the turn tables’

Anthropic, which settled a copyright claim by thousands of authors for $1.5 billion months ago, claims the Chinese firms used “distillation” techniques.

Tom’s Hardware

Anthropic accuses DeepSeek, other Chinese AI developers of 'industrial-scale' copying — Claims 'distillation' included 24,000 fraudulent accounts and 16 million exchanges to train smaller models

Anthropic claims DeepSeek, Moonshot, and MiniMax made 16 million exchanges using 24,000 fraudulent accounts to advance their models using Claude.

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The Week Ahead (Jan. 5–11): Chinese AI Startups Line Up for Hong Kong IPOs

South Korean President visits China, Lenovo to launch personal AI agent

Tom’s Hardware

China's premier GPU maker Biren kicks off Hong Kong IPO — GPU startups vying for Nvidia's crown race to fund AI chip development

Shanghai Biren Technology has begun bookbuilding for a Hong Kong initial public offering aimed at raising as much ad US$624 million as Chinese AI chipmakers accelerate listings to fund expansion.

Tech Brief (Oct. 28): Meituan Releases Open-Source Video Generation Model

China’s securities regulator to deepen ChiNext board reforms, XPeng expands into the Baltics and Cambodia

The Conversation

Hollywood is suing yet another AI company. But there may be a better way to solve copyright conflicts

This week Disney, Universal Pictures and Warner Bros Discovery jointly sued MiniMax, a Chinese artificial intelligence (AI) company, over alleged copyright infringement.

Disney, NBCU, WBD sue Chinese AI firm MiniMax

Hollywood is starting to take a more aggressive stance in protecting its intellectual property.

Forget virtual pets – the next AI video craze is cats doing Olympic diving, and it’s all thanks to this new Google Veo 3 rival

MiniMax’s Hailuo 02 is turning the internet into a feline Olympics.

These 2 AI Stocks Give You Access to China’s ‘New AI Tiger’ MiniMax

Investors could consider gaining exposure to tech giants such as Alibaba and Tencent, which offer indirect exposure to multiple AI startups in 2025.

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