MiniMax unveils H3 multimodal AI model; Hong Kong shares surge on cost claims
MiniMax, a Chinese AI startup listed in Hong Kong, unveiled H3, an open-source multimodal generation model that handles text, images, video and audio and can produce 2K video with native stereo sound up to 15 seconds. The announcement drove the company's Hong Kong-listed shares up 17.4% to HK$230.0 by 04:24 GMT. MiniMax said H3 targets commercial a…