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MiniMax Group Inc., a Chinese AI developer, has launched M3.1 Flash, a faster and cheaper update to its M3 large language model, launched in June. This update aims to reduce the costs of running AI agents, which often require dozens of model calls to complete a single task.
MiniMax said Flash represents its 'ongoing commitment' to improving the performance and profitability of its language models. The company also claimed that M3.1 Flash is designed to be faster and more efficient than its predecessor, M3.
This update is expected to have a significant impact on creators and designers, who will now be able to use more affordable and efficient AI agents to develop innovative applications and services.
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