AI TRENDS | MiniMax Rises 6.5% As Saudi-Backed Humain Builds Arabic AI Model

MiniMax (00100) rose 6.5% to HK$378, extending its gains to a third straight session for a cumulative advance of 12.2%, according to ETNet. Saudi Arabia government-backed AI company Humain said it used MiniMax's open-source M3 model to build Humain-M3, a national-level Arabic AI platform. Humain-M3 uses a mixture-of-experts architecture with 428 billion parameters, and Humain further pre-trained the model on more than 1 trillion Arabic native corpus tokens. Humain said Humain-M3 achieved the highest average score among all frontier models in a combined assessment across seven public Arabic benchmarks. Separately, the Hang Seng Index was up 2% at 25,710, while the Hang Seng China Enterprises Index rose 2.3% and the Hang Seng Tech Index gained 2.7%.