China AI startup MiniMax raising over $250 million from Tenc

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

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