China’s MiniMax releases cheap AI model ‘designed for real-world productivity’

AI Summary
Chinese AI company MiniMax has launched M2.5, an updated version of its M2 large language model, designed for practical applications. The release comes amid heightened investor interest in smaller Chinese AI firms. MiniMax claims M2.5 matches leading models from companies like Anthropic and OpenAI in areas like coding and search, while maintaining cost efficiency with 230 billion parameters. The company emphasizes M2.5's affordability, stating it can be used continuously for an hour at a rate of 100 tokens a second for just US$1. This launch follows a similar release from rival Zhipu AI, highlighting the rapid advancements in China's AI industry.
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