China AI startup MiniMax raising over $250 million from Tencent-backed entity, others - sources

BEIJING/HONG KONG: Chinese start-up MiniMax, working on AI solutions similar to that of Microsoft-backed OpenAI's ChatGPT, is close to completing a fundraising of more than US$250 million that will value it at about US$1.2 billion, people familiar with the matter said. The deal comes amid a global AI buzz

Related Keywords

Yunqi ,Guangdong ,China ,Beijing ,Chinese ,Wang Xiaochuan ,Yan Junjie ,Charlie Chai ,Kai Fu Lee ,Wang Huiwen ,Lightyear Technology ,Kingsoft Cloud Group ,Huawei ,Reuters ,Microsoft Backed Open ,Beijing Lightyear Technology ,Baichuan Intelligence ,Yunqi Partners ,Future Capital ,Zcloud Group ,Artificial Intelligence ,Tencent ,Chatgpt ,