AI startup MiniMax raises $2 billion from share sale and convertible bond

Shanghai-based AI developer MiniMax is raising $2 billion in funding through a combination of new share sales and convertible bonds, with Bloomberg reporting that more than half the funds come from newly issued shares.

• Open-source AI model developer MiniMax raises $2B in funding
• MiniMax Seeks $1.9 Billion From Share Sale, Convertible Bond