Universal Music is launching an AI music platform with ElevenLabs3m ago One resignation turned the embers of AI fear into a wildfire12m ago Nintendo's latest sale is 'made possible' by the tariff refunds it's hoarding40m ago Instagram now lets you add tagged photos to your profile grid41m ago Meta Announces Muse AI Agent for Personal Tasks and Organization41m ago AI agents are flooding public services with new requests47m ago Apple’s first foldable is the iPhone Duo, and it costs $1,99948m ago An Anthropic researcher just quit, saying OpenAI and Anthropic are 'gambling with our lives'49m ago Anthropic Is Building a Huge Surveillance System to Spy on Anti-AI Activists and Predict Their Activities58m ago Antioch raises $32m to test robots in simulation before they touch hardware1h ago OpenAI’s Bubeck denies trying to cut Anthropic mathematician from credit1h ago 10 of the scariest AI villains in movie history1h ago Maven Robotics wants to steal your robot deployment deal1h ago Agent Security Is Not AI Governance: Why Conflating The Two Is A Risk Enterprises Can't Afford1h ago

Universal Music is launching an AI music platform with ElevenLabs3m ago One resignation turned the embers of AI fear into a wildfire12m ago Nintendo's latest sale is 'made possible' by the tariff refunds it's hoarding40m ago Instagram now lets you add tagged photos to your profile grid41m ago Meta Announces Muse AI Agent for Personal Tasks and Organization41m ago AI agents are flooding public services with new requests47m ago Apple’s first foldable is the iPhone Duo, and it costs $1,99948m ago An Anthropic researcher just quit, saying OpenAI and Anthropic are 'gambling with our lives'49m ago Anthropic Is Building a Huge Surveillance System to Spy on Anti-AI Activists and Predict Their Activities58m ago Antioch raises $32m to test robots in simulation before they touch hardware1h ago OpenAI’s Bubeck denies trying to cut Anthropic mathematician from credit1h ago 10 of the scariest AI villains in movie history1h ago Maven Robotics wants to steal your robot deployment deal1h ago Agent Security Is Not AI Governance: Why Conflating The Two Is A Risk Enterprises Can't Afford1h ago

AI Research Business & Enterprise3 min reading time

MiniMax’s CEO won’t take a salary until AGI. His company just raised $2bn after an 80% crash

The Next WebPublished Jul 10, 2026

MiniMax's CEO Yan Junjie has pledged to forgo his salary until the company achieves artificial general intelligence, while the firm raised up to $2 billion amid an 80% share price drop since March. The fundraising includes a discounted share sale and convertible bonds, aiming to stabilize the company as it faces competition and challenges with its flagship AI model.

#agi #hong-kong-stock-exchange #m3-model #minimax #morgan-stanley #yan-junjie

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