MiniMax Raises $2bn as Its CEO Forgoes Pay Until AGI
Yan Junjie will forgo salary until artificial general intelligence is reached as MiniMax seeks up to $2 billion to support operations and staff retention.
6 Articles
6 Articles
CEO of one of China’s biggest AI companies MiniMax makes a promise to its 400-plus employees: I will not take home a salary till …
Tech News News: MiniMax founder and CEO Yan Junjie has told employees that he will stop taking a salary until the Chinese AI company achieves artificial general intel.
(Beijing=Yonhap News) Correspondent Jung Sung-jo = As the stock price of MiniMax, a leading Chinese artificial intelligence (AI) company, plummeted, the founder [advocated] 'General Artificial Intelligence'...
MiniMax CEO gives up salary as stock plunges 80% from peak
MiniMax’s founder and CEO has pledged to forgo his salary until the company achieves artificial general intelligence (AGI), as the Chinese AI firm launches a US$2 billion capital raising to fund its frontier technology goals after its stock plunged 80 per cent from its peak. In an internal memo sent to employees on Friday and seen by the South China Morning Post, Yan Junjie said MiniMax remained committed to its long-term mission despite “extern…
Open-source AI model developer MiniMax raises $2B in funding
MiniMax Group Inc., a Shanghai-based artificial intelligence developer, is raising $2 billion in funding. Bloomberg reported on Thursday that more than half the funds are expected to come from the sale of newly issued shares. According to the publication, the company will raise the remaining capital by issuing convertible bonds. Those are debt instruments that […] The post Open-source AI model developer MiniMax raises $2B in funding appeared fir…
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