Alibaba recently led a funding round of at least $600 million in Minimax, propelling the development of a large-scale model unicorn. Minimax, an AI startup aspiring to achieve AGI, has developed its own multi-modal foundational model architecture. Its early products, Glow and Inspo, are virtual chat and generative conversational AI respectively. Minimax has attracted the attention of many investors and has received support from multiple investment institutions.