Alibaba Leads Investment in Minimax, Creating a Big Model Unicorn
Alibaba has led an investment of at least $600 million in Minimax, creating a big model unicorn. Minimax, founded in December 2021, is an AI startup claiming to be all-in on AGI. Minimax has developed foundational model architectures for three modalities: text-to-visual, text-to-speech, and text-to-text. Glow and Inspo are Minimax's early products, respectively focusing on virtual chat and generative dialogue. Minimax has attracted significant attention from investors, receiving support from multiple investment firms.