MiniMax Increases Cloud Computing Commitment with Alibaba Amid Surging AI Demand

Chinese AI developer MiniMax has raised its three-year cloud purchasing ceiling with Alibaba Group by 220 percent to $1.2 billion, reflecting intense computational requirements for AI model training and inference.

28 Aug, 08:00 — 28 Aug, 08:00

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SCMPMostly Factual2d ago

MiniMax expands Alibaba cloud pact as compute needs surge for training and inference

Chinese artificial intelligence firm MiniMax has raised the three-year purchase ceiling on its cloud computing deals with Alibaba Group Holding by 220 per cent to US$1.2 billion, underscoring surging demand for computing power among the country’s top AI developers. The Shanghai-based company planned to spend up to US$300 million on Alibaba Cloud services this year, nearly triple its original US$115 million cap, after burning through two-thirds of its budget by the end of June, according to it...

By Ann Cao

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MiniMax Increases Cloud Computing Commitment with Alibaba Amid Surging AI Demand

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MiniMax expands Alibaba cloud pact as compute needs surge for training and inference

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