Chinese AI startup MiniMax has disrupted the artificial intelligence industry with the release of its new M2.5 language model, offering near state-of-the-art performance at a fraction of the cost of competitors like Claude Opus. The model, available in two variants, has been made open source, promising to make high-end AI more accessible.
According to VentureBeat, MiniMax, headquartered in Shanghai, is offering its M2.5 model through its API and partners at a significantly lower price point. The model's open-source nature, released on Hugging Face under a modified MIT License, requires commercial users to prominently display "MiniMax M2.5" on their user interfaces. This move has sent "shockwaves through the AI industry," VentureBeat reported.
Meanwhile, the electrical distribution equipment industry is experiencing a boom, fueled by the global AI race and the expansion of data centers. Forgent Power Solutions, a company formed from four legacy companies and recently went public, has seen its market cap grow to nearly $8 billion. "I made a joke in one of the investor sessions that were bringing sexy back in the electrical distribution space," Forgent CEO Gary Niederpruem told Fortune. Forgent serves data centers, power grids, and industrial markets, with data centers experiencing the most rapid growth.
In other tech news, the Apple Watch continues to be the leading fitness tracker for iPhone users. Wired reported that with three models available, the Apple Watch SE 3, Apple Watch Series 11, and Apple Watch Ultra 3, consumers have several options to choose from. The Apple Watch Series 10 is also a viable option.
For those seeking alternatives to Google's Android operating system, Wired also highlighted options that remove Google and its services from the system. While most alternative mobile operating systems are based on Android, they offer a way to limit reliance on Google.
Finally, for those looking to purchase a gaming laptop, the choices have expanded. Wired noted that the market now includes gaming tablets and 2-in-1s, making the selection process more complex.
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