Changes in Hong Kong stocks | MINIMAX-W (00100) rose more than 6%. Institutions say the cost advantage of the H3 multi-modal model will help accelerate commercialization

The Zhitong Finance App learned that MINIMAX-W (00100) rose more than 6%. As of press release, it had risen 6.42% to HK$245, with a turnover of HK$305 million.

According to the news, recently, Xiyu Technology announced the official release of MiniMax H3. According to the introduction, MiniMax H3 is a general-purpose full-modal generation model that supports unified understanding of multi-modal contexts composed of text, images, video, and sound, and can output audio and video with native dual channels, and can support up to 15s 2K resolution. MiniMax said it plans to open up model weights within the next few days, provided that it complies with relevant laws and regulations.

Jefferies released a research report saying that according to the bank's statistics, it is believed that the price of MiniMax H3 at 768p resolution is about half that of its peers, and only one-third of its peers at 2K resolution. The cost efficiency is remarkable, and it is expected to be competitive. Jefferies believes that the launch of MiniMax H3 will further strengthen MiniMax's competitive position in the field of AI video generation, and that its cost advantage will help expand corporate customers and accelerate commercialization.