Chinese AI startup MiniMax spent its first three years largely on the sidelines of AI development. While rivals chased local ChatGPT clones, it was tackling a harder problem: building a single model capable of processing text, speech and video. Now, the $619 million IPO crystallizes a surge in wealth for its founder Yan Junjie. https://bloom.bg/3Z4mKmo

📷️: Lam Yik/Bloomberg