MiniMax CEO foregoes salary until AGI is achieved, pledges shares to staff
MiniMax CEO Yan Junjie has announced he will not draw a salary until artificial general intelligence is reached. He intends to transfer personal shares to reward employees and support open-source AI initiatives. The Chinese AI firm is also looking to raise around $2.05 billion via a Hong Kong share placement. The capital raised will be directed toward expanding AI infrastructure and speeding up research and development. The move comes as MiniMax seeks to strengthen its standing in an increasingly competitive Chinese AI landscape.
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