Tencent has reportedly made its first funding in large-scale AI fashions, contributing to a brand new $250 million financing spherical for startup MiniMax, which values the agency at over $1.2 billion. This transfer signifies Tencent‘s dedication to the burgeoning subject of enormous AI fashions, each by means of inner analysis and improvement in addition to exterior investments.
Established in December 2021, MiniMax has grown quickly, creating proprietary fashions for text-to-visual, text-to-audio, and text-to-text modalities, and constructing a computational reasoning platform on prime of those foundational architectures. With the rise in recognition of large-scale AI fashions, largely pushed by the success of ChatGPT, MiniMax has shortly emerged as a key participant in the AI startup area.
The firm has developed quite a few merchandise, together with “Glow,” a digital chat software program product launched in November final yr that permits customers to create clever entities with background settings and particular personalities. Within 4 months of its launch, Glow had nearly 5 million customers.
In February this yr, MiniMax revealed plans to open its API interface to the general public. In March, the agency launched an API platform for enterprise customers that helps the service name of textual content and voice fashions. Almost concurrently, MiniMax launched a generative conversational AI named “Inspo,” which has generated important consideration.
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Recent information highlights that the MiniMax mannequin scored 1188 factors on the inaugural leaderboard of the big mannequin competitors platform SuperCLUE, rating second globally. This is the primary time a home giant mannequin has surpassed GPT-3.5 in an open analysis.
Key members of the MiniMax staff embrace co-founder Junjie Yan, former Vice President of Technology at Sensetime and Head of Universal Intelligence Technology, and Bin Yang, an alumnus of Yan on the Chinese Academy of Sciences who additionally labored on deep studying initiatives there earlier than acquiring a PhD on the University of Toronto. The firm liable for registering Inspo and Glow is Beijing Xiyu Technology, represented by Yucong Zhou, who had beforehand led a staff to victory in the iQIYI-Large monitor of the ICCV 2019 LFR problem.
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