On July 10, MiniMax completed a new round of financing of HK$16 billion. According to the announcement, the company plans to use 80% of the net capital raised to continue strengthening AI infrastructure and model research and development. On the same day, MiniMax founder and CEO Yan Junjie issued an internal letter announcing that from now until the day the company achieves AGI, he will no longer receive any remuneration from the company. Over the next four years, he will use shares equivalent to 4% of the company's total share capital under his personal name to motivate team members who have been working side by side with the company for a long time to create value; at the same time, he will set up a special fund to continue supporting the development of related open source communities.

On July 10, MiniMax completed a new round of financing of HK$16 billion. According to the announcement, the company plans to use 80% of the net capital raised to continue strengthening AI infrastructure and model research and development. On the same day, MiniMax founder and CEO Yan Junjie issued an internal letter announcing that from now until the day the company achieves AGI, he will no longer receive any remuneration from the company. Over the next four years, he will use shares equivalent to 4% of the company's total share capital under his personal name to motivate team members who have been working side by side with the company for a long time to create value; at the same time, he will set up a special fund to continue supporting the development of related open source communities.