Story
MiniMax Shares Surge After Unveiling H3 Multimodal AI Model
Shares of Chinese artificial intelligence firm MiniMax surged on Friday following the announcement of its new open-source multimodal AI model, H3. The launch marks another significant development in China's competitive AI landscape as local companies race to challenge their U.S. counterparts.
Market Reaction and Model Launch
According to an Investing.com report, Hong Kong-listed shares of MiniMax (HK:0100) jumped 17.4% to HK$230.0 by 04:24 GMT on Friday. The investor enthusiasm was driven by the unveiling of H3, which the company described as a general-purpose multimodal generation model.
MiniMax stated that H3 is capable of processing unified context across various formats, including text, images, video, and audio. This launch intensifies the rivalry among Chinese technology firms to develop and release more powerful and accessible AI tools.
H3 Capabilities and Commercial Focus
The new model can generate videos up to 15 seconds long in 2K resolution with native stereo sound. MiniMax is positioning H3 for commercial applications in sectors such as advertising, e-commerce, gaming, product design, and content creation.
AdThe company highlighted the model's price-performance ratio as a key advantage. It claims that generating 2K video with H3 costs less than one-third of comparable mainstream models on a per-second basis. For 768p resolution video, the cost is reportedly less than half that of competing models that produce 720p video.
Open-Source Strategy
In a move to foster development and adoption, MiniMax announced plans to release the model's weights in the near future, subject to regulations. This open-source approach is intended to support developers and improve compatibility across different AI hardware platforms.
MiniMax also noted that H3 incorporates new technologies like Contextual Omni Representation and the H3-Omni Transformer. The company said these advancements enable stronger instruction following, enhanced multimodal understanding, and the generation of high-resolution content.
Read next
More on Stocks
FTC Orders Walmart, Uber, Delta to Disclose Data on Personalized Pricing
The U.S. Federal Trade Commission is demanding nine major companies, including leading retail, travel, and gig economy firms, to provide information on how they use consumer data for setting individual prices and wages.
Google Launches Gemini 4 Carbon AI Model to Bolster Cybersecurity Capabilities
Alphabet's Google has unveiled Gemini 4 Carbon, its latest AI model specifically designed for advanced cybersecurity tasks like vulnerability detection and secure code generation. The launch escalates competition with rivals OpenAI and Anthropic in the enterprise AI market.
Oracle Shares Surge After Unveiling $225 Billion Revenue Target for 2030
Oracle stock rose sharply after the company presented a long-term financial outlook targeting at least $225 billion in annual revenue by fiscal 2030, driven by its expanding AI infrastructure business.
DOJ Scrutinizes Nvidia's $12.9B Hugging Face Deal Amid Broader Antitrust Probe, Sources Say
The U.S. Department of Justice is reportedly examining Nvidia's planned $12.93 billion acquisition of AI platform Hugging Face as part of a wider, ongoing antitrust investigation into the chipmaker's market conduct.