MiniMax Group

MiniMax was founded in December 2021 by several computer vision researchers from SenseTime. When it first started out, it received funding from MiHoYo. The company's name comes from the Minimax algorithm. In March 2024, Alibaba Group led a $600 million financing round for MiniMax giving it a valuation of $2.5 billion. Other investors of MiniMax include Hillhouse Investment, HongShan, IDG Capital and Tencent. On 9 January 2026, MiniMax held its initial public offering on the Hong Kong Stock Exchange to become a listed company. == Products ==

Talkie MiniMax's first product was Glow which was launched in October 2022. The app allowed users to create virtual characters and then chat with them about various topics. Only four months after launch, the app had over 5 million users. Glow was later removed from Chinese app stores in 2023. Glow was relaunched under two new brands: Talkie, launched for international markets in June 2023, and Xing Ye (), introduced in September 2023 for the Chinese market. Hailuo AI In March 2024, MiniMax launched Hailuo AI, an AI text and music-generating large language model (LLM) platform. On 20 January 2025, MiniMax launched audio functions for Hailuo AI. Other AI products On 17 April 2024, MiniMax launched the ABAB 6.5 series, a mixture of experts language model. In April 2025, MiniMax released Speech-02, a text-to-speech model with support for over 30 languages. In June 2025, MiniMax released MiniMax-M1. In February 2026, MiniMax released MiniMax-M2.5, and the M2.5-Lightning variant. In March 2026, MiniMax released MiniMax-M2.7 == Legal issues ==

In September 2025, Disney, Universal, and Warner Bros. Discovery filed a copyright lawsuit in the United States alleging that Hailuo AI infringed their copyrighted characters and related works. In February 2026, Anthropic accused MiniMax and two other Chinese AI companies of using thousands of fraudulent accounts to generate more than 16 million interactions with Claude in order to improve their own large language models via "distillation." == See also ==