Chinese AI company MiniMax has released its new model M3. It's billed as the first open-weight model to combine top-tier coding performance, a one-million-token context window, and native multimodality.

Shanghai-based company says M3 can process data five times faster than its predecessor, while also slashing inference costs.

Chinese start-up MiniMax has launched M3, an AI model with a redesigned architecture that reduces computational needs by up to 95%, enhancing efficiency and response speeds.