No salary for me until we achieve AGI: MiniMax CEO makes a promise to its employees

MiniMax CEO Yan Junjie will not take a salary until artificial general intelligence is achieved. He plans to transfer personal shares to reward employees and support open-source AI development. The company is seeking to raise approximately $2.05 billion through a Hong Kong share placement. These funds will expand AI infrastructure and accelerate research and development efforts. MiniMax aims to bolster its position amidst increasing competition in China's AI market.

By TOI TECH DESK