January 20, 2025

Chinese AI startup MiniMax has launched the MiniMax-01 series, which includes MiniMax-Text-01, a text-only model with a 4-million-token context window, and MiniMax-VL-01, a multimodal model. These models aim to compete with industry leaders like OpenAI and Google, boasting significant advancements in processing capabilities and affordability. MiniMax has raised $850 million in funding, positioning itself as a formidable player in the AI landscape despite recent challenges in the global market.

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