Chinese startup MiniMax, working on AI solutions similar to that of Microsoft-backed OpenAI’s ChatGPT, is close to completing a fundraising of more than $250 million that will value it at about $1.2 billion, people familiar with the matter said.
https://www.reuters.com/technology/china-ai-startup-minimax-raising-over-250-mln-tencent-backed-entity-others-2023-06-01/
https://www.reuters.com/technology/china-ai-startup-minimax-raising-over-250-mln-tencent-backed-entity-others-2023-06-01/