Business & Finance
MiniMax Erases Post-IPO Gain as AI Model Rivalry Intensifies
Key Points
MiniMax Erases Post-IPO Gain as AI Model Rivalry Intensifies MiniMax Group Inc. shares wiped out all of their gains since their January trading debut, as intense rivalry forces investors to reassess the Chinese artificial intelligence model developer. The stock fell as much as 7.3% Thursday in Hong Kong to HK$159.3. It was priced HK$165 in its initial public offering.
MiniMax Erases Post-IPO Gain as AI Model Rivalry Intensifies
MiniMax Group Inc. shares wiped out all of their gains since their January trading debut, as intense rivalry forces investors to reassess the Chinese artificial intelligence model developer.
The stock fell as much as 7.3% Thursday in Hong Kong to HK$159.3. It was priced HK$165 in its initial public offering.