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02 Mar 2026

MiniMax revenue growth hits 159% as China AI pioneer expands global footprint after Hong Kong IPO

Chinese artificial intelligence startup MiniMax reported a 159% surge in revenue to $79 million in its first earnings since raising $614 million in its Hong Kong IPO. The company, valued at $30 billion, is positioning itself as a global AI platform with multimodal capabilities, though it faces mounting losses and increasing scrutiny as it expands internationally.

4 Sources

Nvidia invests $4 billion in photonics firms to secure supply chain for next-generation AI

Nvidia has committed $4 billion across two photonics manufacturers, Lumentum and Coherent, in a strategic move to secure advanced optical technologies for AI infrastructure. The investment includes multibillion-dollar purchase commitments and capacity rights for laser components that enable light-based data transfer in AI data centers, addressing bandwidth limitations as AI workloads grow.

10 Sources

J. Safra Sarasin's Saxo Bank acquisition signals tech investment shift in AI wealth management era

J. Safra Sarasin completed a 1.1 billion euro purchase of a 70% stake in Saxo Bank, prioritizing technology architecture over traditional client base expansion. The deal reflects wealth managers' strategic pivot toward frontier technology investments as AI tools threaten to reshape financial advice delivery and force banks to rethink their acquisition strategies.

2 Sources

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