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China AI startup MiniMax raising over $338m from Tencent-backed entity, others: Sources

BEIJING/HONG KONG - Chinese startup 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 (S$338 million) that will value it at about $1.2 billion, people familiar with the matter said. The deal comes amid a global AI buzz kicked off by ChatGPT that has spread to...
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