On July 9 Zhizi Xinyuan and China's CPU maker Haiguang signed a strategic cooperation agreement to support AI model deployment, migration, adaptation and optimization on domestic chip platforms. The partners will leverage Haiguang's CPU/DCU product line and open-ecosystem platform together with Zhizi Xinyuan's AI acceleration tools and technical services to strengthen engineering support from chip supply through application deployment for China's domestic AI compute stack.

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In an internal all-staff letter addressing recent market volatility, MiniMax founder and CEO Yan Junjie said the company’s long-term direction is unchanged. Effective immediately and until the company achieves AGI, Yan will receive no salary. Over the next four years he will allocate from his personal holdings shares equal to 4% of the company’s total share capital to incentivize long-term team members, and set aside 1% to establish a dedicated fund to support related open-source communities.