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AI unicorn MiniMax sees stock surge over 20% following August 31 model launch. H3Max768P integration cuts 5-second video generation to under 3 seconds, enabling real-time streaming and AI long-form dramas. H1 2026 revenue hit $117 million, up 283% YoY, with August recurring revenue exceeding $800 million. Enterprise and developer accounts comprise 80% of revenue, totaling over 2 million clients. Backed by $3 billion cash reserves and HKD 16 billion in recent funding, MiniMax prepares for M3Pro launch in September, accelerating large-scale commercialization.
AI unicorn MiniMax sees stock surge over 20% following August 31 model launch. H3Max768P integration cuts 5-second video generation to under 3 seconds, enabling real-time streaming and AI long-form dramas. H1 2026 revenue hit $117 million, up 283% YoY, with August recurring revenue exceeding $800 million. Enterprise and developer accounts comprise 80% of revenue, totaling over 2 million clients. Backed by $3 billion cash reserves and HKD 16 billion in recent funding, MiniMax prepares for M3Pro launch in September, accelerating large-scale commercialization.
OpenAI CEO Sam Altman outlined a three-phase AI evolution: chatbots, agents like Codex, and proactive AI that runs continuously in the background. He predicts proactive AI is the next breakthrough. OpenAI is developing a unified platform to address product fragmentation and high costs. Altman noted most users struggle with AI adoption, so future AI must work autonomously.
OpenAI CEO Sam Altman outlined a three-phase AI evolution: chatbots, agents like Codex, and proactive AI that runs continuously in the background. He predicts proactive AI is the next breakthrough. OpenAI is developing a unified platform to address product fragmentation and high costs. Altman noted most users struggle with AI adoption, so future AI must work autonomously.
Google faces global backlash from paid users over its new pay-by-compute policy for Gemini AI, criticized for overly restrictive quotas that hinder developers. In response, Google DeepMind's Antigravity director announced emergency measures: resetting current weekly quotas for Pro and Ultra subscribers, implementing a permanent threefold quota increase for core development scenarios, and offering a limited-time $100 bonus quota to Ultra users. The policy had tied usage costs to computational complexity and chat history length, disproportionately affecting heavy users. Google acknowledged underestimating power-user consumption and pledged ongoing feedback review.
Google faces global backlash from paid users over its new pay-by-compute policy for Gemini AI, criticized for overly restrictive quotas that hinder developers. In response, Google DeepMind's Antigravity director announced emergency measures: resetting current weekly quotas for Pro and Ultra subscribers, implementing a permanent threefold quota increase for core development scenarios, and offering a limited-time $100 bonus quota to Ultra users. The policy had tied usage costs to computational complexity and chat history length, disproportionately affecting heavy users. Google acknowledged underestimating power-user consumption and pledged ongoing feedback review.
SuperCLUEs 2025 Chinese LLM benchmark report reveals global AI competition trends. Anthropics Claude-Opus-4.5-Reasoning leads overall ranking, followed by Googles Gemini and OpenAIs GPT-5.2. Chinese models like Kimi-K2.5 and Qwen3-Max enter global top ten, with Kimi topping code generation and Qwen3 tying for first in math. Domestic models dominate the open-source segment, showing a unique open-closed source co-development ecosystem strength.
SuperCLUEs 2025 Chinese LLM benchmark report reveals global AI competition trends. Anthropics Claude-Opus-4.5-Reasoning leads overall ranking, followed by Googles Gemini and OpenAIs GPT-5.2. Chinese models like Kimi-K2.5 and Qwen3-Max enter global top ten, with Kimi topping code generation and Qwen3 tying for first in math. Domestic models dominate the open-source segment, showing a unique open-closed source co-development ecosystem strength.
Biotech startup Chai Discovery raised 130 million dollars in a Series B round led by General Catalyst and Oak HCFT reaching a 13 billion dollar valuation The OpenAIbacked firm uses AI models for drug discovery aiming to de novo design antibodies and molecules with its latest Chai 2 system
Biotech startup Chai Discovery raised 130 million dollars in a Series B round led by General Catalyst and Oak HCFT reaching a 13 billion dollar valuation The OpenAIbacked firm uses AI models for drug discovery aiming to de novo design antibodies and molecules with its latest Chai 2 system
Starbridge a startup founded by Justin Wenig raised 42 million in a Series A round led by Craft Ventures The platform helps business sales teams identify and monitor public sector sales opportunities by centralizing fragmented purchasing data Wenig previously founded and sold his first startup Coursedog
Starbridge a startup founded by Justin Wenig raised 42 million in a Series A round led by Craft Ventures The platform helps business sales teams identify and monitor public sector sales opportunities by centralizing fragmented purchasing data Wenig previously founded and sold his first startup Coursedog
Kevin Rose returns to TechCrunch Disrupt 2025 Oct 27-29 to discuss Digg’s relaunch with Alexis Ohanian, sharing insights on pivots, product, and community-building. The True Ventures partner and prolific investor will also delve into spotting trends and backing startups, drawing from his experience with Uber, Slack, and crypto ventures. Early tickets save $668 until Sept 26.
Kevin Rose returns to TechCrunch Disrupt 2025 Oct 27-29 to discuss Digg’s relaunch with Alexis Ohanian, sharing insights on pivots, product, and community-building. The True Ventures partner and prolific investor will also delve into spotting trends and backing startups, drawing from his experience with Uber, Slack, and crypto ventures. Early tickets save $668 until Sept 26.
