The company plans to use the proceeds to expand its AI infrastructure and accelerate the global rollout of its agent products
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The company said on Friday that it plans to use 80% of the proceeds to expand its AI infrastructure and model research, including deploying new-generation AI accelerators and high-bandwidth networks. The remaining capital will be earmarked for accelerating the global commercialization of its intelligent agent products.
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Its global user base reaches 300 million while ARR more than doubles in two months, though company reports large total losses.
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Chinese AI startup MiniMax plans to open-source a 2.7 trillion parameter model later this year
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