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DeepSeek, MiniMax reportedly win overseas AI approval
Tech
— Oct 23, 2026
DeepSeek and MiniMax received clearance to release AI models open source and license them overseas, a CCTV-affiliated account said, after China proposed controls on 23 AI technologies.
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Marcus Bell
It's a reminder that not every Chinese AI export hits a wall, even with tighter controls on sensitive tech.
MiniMax Claims M3.1 Flash Cuts Costs 70%
Minimax
— Oct 19, 2026
Chinese AI company MiniMax has launched its M3.1 Flash model, touting major gains for coding and agentic tasks, nearly triple the inference speed and 70% lower usage costs. The model has a one-million-token context window, and MiniMax is routing some M2.5 and M2.7 subscription traffic to it as those older models are phased out.
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Nicole Hardy
Lowering costs 70 percent with triple the speed should help smaller teams run more agent experiments without blowing the budget.
MiniMax Revenue Surges 283%, Loss Narrows H1 2026
Minimax
— Aug 26, 2026
MiniMax reported first-half 2026 revenue of $116.6 million, up 283.1% year-on-year, driven by a 703% surge in its Open Platform and enterprise services to $73.9 million and a global-first strategy that now accounts for about 60% of revenue from international markets, serving over 300 million users and more than 1 million enterprises. The company narrowed net losses to $358 million, with gross profit rising to $20.8 million and adjusted losses widening in one metric as it aims to make frontier AI capabilities affordable at scale.
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