MiniMax AI Secures $850M to Accelerate Next-Generation Multi-Modality AI Innovation

MiniMax AI today proudly announces a monumental funding milestone, having successfully raised 850,000,000 in its latest round of investment. As a leading global technology company and a pioneer in large language models (LLMs) in Asia, MiniMax is uniquely positioned to drive transformative innovations in the AI sector. With our unwavering mission to build a world where intelligence thrives with everyone, this infusion of capital will further empower our core initiatives, research, and development efforts. The funds will be strategically allocated to accelerating the expansion of our proprietary LLMs, which include trailblazing technologies such as a trillion-parameter Mixture of Experts (MoE) model, a cutting-edge low-latency speech model that supports major Asian languages natively, and state-of-the-art text-to-speech as well as text-to-video models. By enhancing our multi-modality general-purpose models, we are poised to set new benchmarks in AI applications that are both scalable and robust. Beyond our groundbreaking research in model development, the investment will also bolster our MiniMax API Platform. This platform delivers secure, flexible, and reliable API services to enterprises and developers, paving the way for a faster and smoother deployment of AI-powered applications across various industries. With a keen focus on innovation and accessibility, we aim to democratize AI by making our revolutionary tools available to a broader audience. For more information on our technology and services, please visit our website at https://hailuoai.com/. This significant funding milestone marks a new chapter in MiniMax's journey—fueling our ambitions to push the boundaries of artificial intelligence and create a future where technology empowers every individual and organization around the globe.