what is minimax?

MiniMax is a Chinese artificial intelligence startup and lab that develops large language models focused on cost-effective, productivity-oriented AI solutions [2][4]. The company has released models like M2.5, which emphasizes coding, tool use, and action-oriented workflows, matching leading models on benchmarks but at lower costs ($1.20 to $2.40 per million output tokens), enabling widespread adoption of agentic tools [1][2][3]. Internally, M2.5 handles 30% of daily tasks and 80% of new code commits, while newer models like the proprietary M2.7 are self-evolving and support reinforcement learning workflows [2][5]. MiniMax aims to expand globally as an AI platform, integrating AI into daily work as a "bestie" for complex tasks [4][6].