Report: Chinese AI startup MiniMax raises $600M at $2.5B valuation led by Alibaba

Chinese artificial intelligence startup MiniMax is raising at least $600 million in new funds with e-commerce giant Alibaba Group Holding Ltd. as a lead investor, according to a report from Bloomberg on Monday. According to sources familiar with the matter the new funds will bring the company’s valuation to more than $2.5 billion. Although the fundraise is […]

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