MiniMax

Three Chinese Labs Ship Major Models in 24 Hours

Within a single day, DeepSeek shipped V4-Flash-0731 — comparable to frontier Western models on coding at roughly a 99% discount — MiniMax released H3, an omni-modal model generating 15-second 2K video clips, and ByteDance launched Seedance 2.5, extending single-run video generation to 30 seconds. The releases landed amid a brutal late-July selloff in which the world's 20 most valuable chip companies lost about $1.3 trillion in market value on fears that China's semiconductor progress and cheap models would reset AI economics.