[AI]■ STORY TIMELINE

MINIMAX BUILDING 2.7T PARAMETER MODEL FOR Q3 RELEASE

Chinese AI developer MiniMax is developing M3 Pro, a 2.7 trillion-parameter language model set for release as early as Q3. The company plans to open-source the model upon launch.

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Techmeme+0m

Sources: Chinese AI developer MiniMax is working on a 2.7T-parameter model, dubbed M3 Pro and set for release as early as Q3, and plans to open-source it (Juro Osawa/The Information)

Juro Osawa / The Information: Sources: Chinese AI developer MiniMax is working on a 2.7T-parameter model, dubbed M3 Pro…

Techmeme+1h 49m

Filing: Chinese AI model maker Z.ai is seeking to raise ~$4B from the sale of 19.8M shares at ~$202 to ~$216 each, after its stock jumped 1,500% since January (Bloomberg)

Bloomberg: Filing: Chinese AI model maker Z.ai is seeking to raise ~$4B from the sale of 19.8M shares at ~$202 to ~$216…

The Decoder+2h 24m

Chinese AI startup MiniMax plans to open-source a 2.7 trillion parameter model later this year

Chinese AI developer MiniMax is working on a new large language model with 2.7 trillion parameters. MiniMax plans to rel…

Techmeme+4h 39m

Sources: China plans to let some of the country's major AI companies buy a small number of Nvidia's H200 chips to alleviate a domestic computing shortage (Qianer Liu/The Information)

Qianer Liu / The Information: Sources: China plans to let some of the country's major AI companies buy a small number of…

Techmeme+18h 29m

Shanghai-based GPU maker Iluvatar CoreX raised ~$902M in a Hong Kong share sale; the company's stock has soared 257% since its January IPO, which raised $473M (Bloomberg)

Bloomberg: Shanghai-based GPU maker Iluvatar CoreX raised ~$902M in a Hong Kong share sale; the company's stock has soar…

Techmeme+1d 16h

MiniMax is looking to raise as much as $1.9B by selling 35.6M shares at ~$34 each and offering ~$830M in convertible bonds due 2027 (Bloomberg)

Bloomberg: MiniMax is looking to raise as much as $1.9B by selling 35.6M shares at ~$34 each and offering ~$830M in conv…

Techmeme+1d 23h

Memo: MiniMax CEO Junjie Yan tells employees he will forgo his salary until MiniMax achieves AGI and promises to allocate personal shares to employee incentives (Juro Osawa/The Information)

Juro Osawa / The Information: Memo: MiniMax CEO Junjie Yan tells employees he will forgo his salary until MiniMax achiev…

Techmeme+4d 12h

Sources: Cursor is building a general-purpose AI agent codenamed Sand, aimed at non-developers, that handles emails, texts, and documents to rival Claude Cowork (Grace Kay/The Information)

Grace Kay / The Information: Sources: Cursor is building a general-purpose AI agent codenamed Sand, aimed at non-develop…

Techmeme+5d 12h

Sources: Trump admin and industry groups have discussed streamlining releases of US open models of equal or lesser capability than leading Chinese open models (Benjamin Guggenheim/Washington Post)

Benjamin Guggenheim / Washington Post: Sources: Trump admin and industry groups have discussed streamlining releases of…

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