Business & Enterprise3 min reading time
MiniMax’s CEO won’t take a salary until AGI. His company just raised $2bn after an 80% crash
The Next Web
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MiniMax's CEO Yan Junjie has pledged to forgo his salary until the company achieves artificial general intelligence, while the firm raised up to $2 billion amid an 80% share price drop since March. The fundraising includes a discounted share sale and convertible bonds, aiming to stabilize the company as it faces competition and challenges with its flagship AI model.
