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Funding

Open-source AI Model Developer MiniMax Raises $2B in Funding

Summary

  • MiniMax Group Inc., a Shanghai-based artificial intelligence developer, is raising $2 billion in funding.
  • Bloomberg reported on Thursday that more than half the funds are expected to come from the sale of newly issued shares.

Why It Matters

Injects a massive amount of capital into a high-conviction project, highlighting concentrated investor backing.

Referenced Coverage & Sources

Open-source AI model developer MiniMax raises $2B in funding
SiliconANGLE•Jul 10, 2026

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