MiniMax Launches M3.1 Flash AI Model, Intensifying Race with DeepSeek
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DeepSeek raised $15 billion in a new funding round, nearly doubling its initial target amid strong investor demand, and is accelerating IPO plans in Shanghai. The move signals continued heavy capital inflows into Chinese AI firms despite geopolitical tensions. The IPO timeline and valuation remain undisclosed, but the scale suggests significant market confidence in China's AI sector.
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