Chinese firms continue to release AI models that rival the capabilities of systems developed by OpenAI and other U.S.-based AI companies. MiniMax claims that MiniMax-Text-01, which is 456 billion ...

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 ...

Alibaba- and Tencent-backed startup Minimax, one of China’s “AI tigers,” has released its Video-01 text-to-video model, which can generate highly accurate depictions of humans, down to their hand ...

Disney, Warner Bros. Discovery and NBCUniversal are taking legal aim at another AI company that they allege is massively ripping off their intellectual property. On Tuesday, the three media companies ...

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HONG KONG (Reuters) -Chinese AI startup MiniMax has filed confidentially for a Hong Kong initial public offering, targeting a valuation of over $4 billion in the flotation, which could happen before ...