Chinese AI startup MiniMax has released H3, its new open-source multimodal model, as it navigates pressure from Moonshot's Kimi K3 and DeepSeek's aggressive pricing. The release comes as MiniMax reported 2025 revenue of 79M USD against 253M USD in R&D spending. https://pandaily.com/minimax-swimming-past-kill-line-jul2026 #China #Tech #AI
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