Industry3h ago
MiniMax Boosts Alibaba Cloud Spend To $1.2B
A 220 percent increase in purchase ceilings pushes MiniMax's cloud computing deal with Alibaba Group to $1.2 billion. This three-year pact addresses surging compute needs for training and inference. The massive spend reflects the high capital costs of scaling proprietary models. Developers must now navigate these escalating infrastructure expenses to remain competitive.