MiniMax Stock Surges 17.4% as H3 Multimodal AI Model Launches With 100+ Day 0 Partners
Chinese AI firm MiniMax released its H3 model, an open-source multimodal AI model generating 2K videos with stereo sound at less than one-third of competitor costs. The video-generation model attracted over 100 partners within 24 hours, including Huawei Ascend and AMD, while MiniMax stock surging 17.4% on launch day signals strong market confidence in the company's competitive positioning.