MiniMax AI

MiniMax AI released MiniMax-H3, an open video generation model, with day-0 serving support in SGLang Diffusion, matching Seedance 2.0 at one-third the cost or free locally on 2x RTX 5090 or 1 RTX Pro …

DeepSeek closed its first external fundraising in a Series A round, raising about 50 billion yuan at a post-investment valuation of 400 billion yuan, making it one of China's most valuable AI startups…

ByteDance and Tencent have slashed AI model prices, joining a deepening price war in China's AI sector as falling costs and narrowing capability gaps intensify competition. ByteDance's Seedance 2.0 Mi…