Скачать или смотреть MiniMax's Insane Stock Surge Reveals OpenAI's Real Problem

MiniMax just IPO'd on the Hong Kong Stock Exchange — and the stock surged 80%. But here's what makes this interesting: they built frontier AI products (video, voice, text) for roughly 1% of what OpenAI spends.

This video breaks down:
What MiniMax actually built (Hailuo AI, Talkie, Speech-02)
How they achieved "1% efficiency" (multimodal architecture, MoE, AI-native org)
Why founder Yan Junjie left SenseTime before their IPO
The real risks (losses, Disney lawsuit, geopolitics)
What this means for the future of AI

Sources include Chinese tech media (新智元, 华尔街见闻) with details not available in English coverage.

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Chapters:
0:00 - This AI startup spent 1% of OpenAI's budget
0:52 - What they actually built
2:10 - The man who walked away
3:29 - How they did it (the 1% thesis)
5:39 - The IPO: What just happened
6:31 - The risks
7:23 - My take: Why this matters
9:08 - Your turn

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