MiniMax, a rising Chinese tech startup, has introduced three affordable, open-source $AI models that aim to rival some of the leading chatbots from major US companies, such as OpenAI’s ChatGPT. This move comes just weeks after DeepSeek, another competitor, set new benchmarks with its own open-source releases, signaling an intensifying race among Chinese technology firms to dominate the $AI landscape. Backed by major investors like Alibaba and Tencent, MiniMax unveiled its models on Tuesday, marking a significant milestone in the field.

Among the newly released models are the MiniMax-01, a foundational large language model (LLM), the MiniMax-Text-01, and the advanced MiniMax-VL-01, which boasts multimodal capabilities, including visual recognition. The company claims that the MiniMax-01, a core LLM, rivals the top global AI systems, demonstrating exceptional proficiency in various tasks such as solving complex math problems. The firm showcased its model’s versatility in benchmarks shared via WeChat, highlighting its expertise in specialized fields, accuracy in following instructions, and reducing errors or “hallucinations.”

What’s particularly noteworthy is the performance of MiniMax’s models in comparison to closed-source giants like Google’s Gemini, Anthropic’s Claude (backed by Amazon), and Open$AI s offerings. The company’s models have been tested and evaluated to match, if not surpass, these advanced systems, positioning MiniMax’s open-source solutions as competitive alte

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