09:53 AM EDT, 06/18/2025 (MT Newswires) -- Alibaba Group ( BABA )-backed (BABA) MiniMax is set to launch AI tools that can perform tasks autonomously, potentially rivaling OpenAI and Manus, Bloomberg reported Wednesday, citing a source with direct knowledge of the matter.

The products include a general AI agent that solves everyday tasks and an autonomous tool for video generation, the source told the news outlet.

The Shanghai-based AI firm, also backed by Tencent, plans to introduce the new products to the public this week, the source told Bloomberg.

MiniMax did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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