MiniMax, supported by Tencent, launches upgraded M2.1 model with major improvements.
MiniMax's New AI Model: MiniMax, a Chinese competitor to OpenAI, launched its M2.1 AI model, claiming significant enhancements in performance for complex real-world tasks, particularly in programming languages and office scenarios.
Enhanced Capabilities: The M2.1 model boasts improved multi-programming language support, including languages like Rust, Java, and C++, as well as better mobile development capabilities for Android and iOS.
Performance Improvements: The new model features more efficient responses, enhanced instruction constraints, and improved dialogue quality compared to its predecessor, M2.
Business Model Insights: MiniMax and rival Zhipu AI revealed their revenue figures, with MiniMax earning approximately $30.5M, while OpenAI's revenue run-rate is projected to exceed $20B, highlighting the competitive landscape in AI.
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