Chinese AI firm MiniMax unveils three new models, challenging U.S. tech giants with large-scale text, multimodal, and speech capabilities

Chinese AI company MiniMax releases new models it claims are competitive with the industry's best | TechCrunch

Chinese firms continue to release AI models that rival the capabilities of systems developed by OpenAI and other U.S.-based AI companies. This week, MiniMax, an Alibaba- and Tencent-backed startup that has raised around $850 million in venture capital and is valued at more than $2.5 billion, debuted three new models: MiniMax-Text-01, MiniMax-VL-01, and T2A-01-HD. MiniMax-Text-01 is a text-only model, while MiniMax-VL-01 can understand both images and text. T2A-01-HD, meanwhile, generates audio —...