AISiliconANGLEabout 4 hours ago
MiniMax raises $2B in funding
1 min read
Shanghai-based AI developer MiniMax is raising $2 billion in funding, with over half from new shares and the rest from convertible bonds. The company plans to sell $6.5 billion in zero-coupon convertible bonds due in 2027. MiniMax shares closed 9.8% lower on the news.
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