Minimax's AI breakthrough drives stock surge as 3 trillion-parameter model prepares for launch

MiniMax's recent advancements in multimodal technology and rapid commercialization have driven its stock price up over 20% since August 31, 2026. The company announced the integration of H3Max768P and 480P versions into its open platform, significantly improving video generation speed. A 5-second 760P clip now takes less than 3 seconds to generate, while a 15-second video is completed in about 15 seconds. This has enabled real-time live streaming applications, such as Twitch integration by engineer Rehan Sheikh, which generated 5.3 million views. In China, Mango TV launched an AI-generated drama, 'The Later Journey to the West,' marking a shift toward frequent content creation. MiniMax's revenue surged 283.1% year-on-year in 2026's first half, with enterprise and developer businesses contributing 80% of annual recurring revenue (ARR). The company raised HKD 16 billion in July 2026 and holds over $3 billion in cash. Forecasts suggest the M3Pro model, with up to 3 trillion parameters, will launch in September to October, further boosting revenue. As AI commercialization accelerates, demand for computing power is expected to rise, highlighting the rapid monetization of domestic large models.