Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Technology › MiniMax expands Alibaba cloud pact as compute needs...
Technology

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

MiniMax expands Alibaba cloud pact as compute needs surge for training and inference
South China Morning Post Friday 28 August 2026, 08:00 UTC By Ann Cao 1 min read
Key Points

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...

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 its... [Image text:] MnMsic3.0MiniMa MiniMax 13 MniMaMS MiniMax Seenpni MiniMa GlobalStor MiniMax
MiniMax (PERSON) Alibaba (LOCATION) Chinese (ORG) Alibaba Group Holding (ORG) Shanghai (LOCATION) Alibaba Cloud (ORG)
Originally published by South China Morning Post Read original →

Related Stories

Can't stop fixating on the way you look? These 4 mental exercises may help

Obsessing over your looks should not take up all your energy, says psychologist Diana Hill. If you're struggling with uncomfortable thoughts about your body, ground yourself with these techniques.

NPR Technology 19m ago

Help! I have disappeared down a rabbithole of horrible mobile gaming adverts | Dominik Diamond

Led by the nose from game to terrible game by increasingly disturbing and terrible adverts, I feel like I’m in the cinema scene from A Clockwork OrangeWe’re all escaping something when we play video games. Mostly it’s the drabness of real life, where we don’t get to command kingdoms using armies of dragons, win Champions League trophies with our local team, or inhabit the body of an improbably speedy hedgehog. Sometimes I play them because I want to escape from the version of me that gets...

The Guardian Tech 19m ago

How an Atlanta Suburb Ended Up Sharing Flock Data With More Than 2,000 Organizations

Alpharetta, a prosperous suburb of Atlanta, Georgia, is home to about 67,000 people, served by about 120 local police officers. It also hosts several dozen cameras sold by Flock Safety, the increasingly controversial surveillance company that collects license plate data and other information and makes it searchable by police. Data captured by those Flock cameras, WIRED has learned via public records requests, is accessible to more than 2,000 police departments, colleges, airports, and...

Wired 20m ago

OpenAI, Google, Microsoft and 100 companies warn: ‘Prepare for AI-enabled hacking’

A group of leading technology giants, including OpenAI, Microsoft, Amazon Web Services, Anthropic, Google and more than 100 other companies have issued a joint public appeal, warning that critical institutions like energy, healthcare, financial services and water systems, among others have only months left to strengthen their digital defenses against artificial intelligence (AI)-powered cyber intrusions. The open letter emphasises that the window to shore up network protections is rapidly...

Times of India 40m ago