MiniMax Joins China's AI Fundraising Rush With $2 Billion Deal MiniMax has joined a growing list of Chinese artificial intelligence startups raising massive sums in recent months.
The company's latest deal – a staggering $2 billion investment – is the latest development in what appears to be an unrelenting fundraising rush in China's AI sector.
What's Behind MiniMax's $2 Billion Deal The current AI fundraising frenzy in China can be attributed, in part, to the government's ambitious plans to propel the country to AI leadership by 2030.