MiniMax is a Chinese AI company that develops large language models and releases model weights as open source. Recent coverage centers on the MiniMax-M3.1-Flash model, teased and then released with claimed performance gains but no disclosed benchmarks, and on MiniMax completing China's new AI export filing requirements alongside DeepSeek. Reports also note that MiniMax and Z.AI have lost a combined $150 billion in market value from their highs since their January debuts.
Chinese AI firms like Z.ai, MiniMax lag Anthropic on profit marginsThe South China Morning Post examines why Chinese AI standouts such as Z.ai and MiniMax struggle to match Anthropic's profit margins, highlighting gaps in business models and profitability.
China AI model stocks lose $150 billion as selloff continuesMiniMax and Z.AI (Zhipu) have shed a combined $150 billion in market value from their highs after their January debuts. The selloff continues amid intensifying competition and the threat of rival listings next year, with no end in sight.
MiniMax releases M3.1-Flash modelMiniMax published the MiniMax-M3.1-Flash model on Hugging Face, with the linked post offering few details. The release extends its model lineup, though capabilities and availability remain undisclosed.
DeepSeek, MiniMax complete China AI export filingsChinese media report DeepSeek and MiniMax completed the registration filings required by China's new temporary AI export rules and cross-border review, giving them explicit clearance to keep open-sourcing model weights abroad and pursue approved international partnerships, reducing regulatory uncertainty.
MiniMax launches updated AI model M3.1 FlashChinese AI company MiniMax released an updated model called M3.1 Flash, claiming major improvements in performance. Specific technical details and benchmark results were not disclosed.
MiniMax teases upcoming M3.1-Flash modelMiniMax announced on X that MiniMax-M3.1-Flash is coming. The post gives no details on capabilities, size or release date, leaving the community with only the teaser.
Anthropic Subscriptions Offer 5x+ More Value Than OpenAIA limit test of AI subscription plans from Anthropic, OpenAI, Meta and others found Anthropic subscriptions offer over 5x more API-equivalent value than OpenAI. Because subscriptions are heavily subsidized, understanding their limits is key to modeling AI lab finances.
Community asks why US lags in open LLM marketA Reddit thread debates why the US trails Chinese open LLM efforts like DeepSeek, Kimi, GLM, and MiniMax, with commenters blaming US firms' focus on shareholder value over technology.
HSG's Zheng Qingsheng: AI as new core energyAt a salon co-hosted by 36Kr and others, HSG partner Zheng Qingsheng said AI may be not an industry but a form of energy like oil and electricity. He called the current investment era more certain, citing inevitable trends such as AI and embodied intelligence, and recalled the basis for betting on MiniMax before consensus formed.
MiniMax open-sources terminal version of MiniMax CodeMiniMax has open-sourced the terminal version of MiniMax Code, with a repository including interactive TUI, headless execution, code editing, permission controls, and sandboxing, under the MIT license. This is a 0.4.12 source preview and does not include the desktop app source, but it enhances auditability of the agent layer.
The A.I. Daily