Chinese AI firm MiniMax reported first-half 2026 revenue of $116.6 million, up 283% year-over-year, driven by a 700% jump in enterprise business. The Shanghai-based multimodal AI company's growth comes amid intense competition in China's AI sector.
ByteDance released Seedance 2.5 generating 30-second video clips with native audio, while MiniMax launched H3 producing 15-second 2K clips with stereo audio. The near-simultaneous releases underscore China's aggressive advances in AI video generation.
Shanghai-based AI company MiniMax has unveiled its M3 flagship model designed for coding agents and automated workflows, featuring a one-million-token context window. The launch enters the competitive open-source AI coding space, though the company has stopped short of a full open-source commitment.
MiniMax released model weights for MiniMax M2.7 on Hugging Face, a self-evolving agent model that scores 56.22% on SWE-Pro and 57.0% on Terminal Bench 2. The company also released MMX-CLI, a command-line interface providing native access to image, video, speech, music, vision, and search capabilities.
