Mar 6th, 2024
Alibaba to Invest in China AI Firm MiniMax at $2.5 Billion Valuation
Bloomberg has learned that Chinese e-commerce giant Alibaba Group Holding Ltd. is spearheading its second major deal in the artificial intelligence space this year. The company is leading a financing round of at least $600 million for Chinese AI startup MiniMax, according to people familiar with the matter. Edwin Chan reports on Bloomberg Television.
