Stock Track | MINIMAX-WP Plummets 5.07% Intraday Following Anthropic Accusation of Illicit AI Model Extraction

Stock Track

06/25

MINIMAX-WP's stock plummeted 5.07% during the intraday trading session. The sharp decline followed negative news concerning the company's business practices.

According to a Reuters report, U.S. AI company Anthropic has accused Chinese AI startup MiniMax of illicitly extracting capabilities from its Claude AI platform. Anthropic stated that MiniMax's operation involved over 13 million exchanges as part of a campaign to distill its advanced AI model capabilities. This accusation adds to growing concerns about intellectual property security in the AI sector and follows previous U.S. government allegations regarding industrial-scale IP theft from U.S. AI labs.

The news represents a significant reputational risk for MiniMax and has likely triggered investor selling pressure during the trading session, contributing to the stock's sharp decline.

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The sharp decline followed negative news concerning the company's business practices.</p><p>According to a Reuters report, U.S. AI company Anthropic has accused Chinese AI startup MiniMax of illicitly extracting capabilities from its Claude AI platform. Anthropic stated that MiniMax's operation involved over 13 million exchanges as part of a campaign to distill its advanced AI model capabilities. 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