❯ MiniMax Open-Sources Next-Gen Multimodal Model H3, Tops Hugging Face Trending Chart

LEADOn August 3, MiniMax officially open-sourced its next-generation general-purpose multimodal generation model MiniMax H3, which took the No. 1 spot globally in video editing capability on Artificial Analysis and topped the Hugging Face trending chart, surpassing DeepSeek V4-Flash, the previous leader. According to MiniMax’s official announcement, the model supports video generation at up to 2K resolution, up to 15 seconds in length, and native stereo audio.

ECOSYSTEMEven more notable is the scale of adaptation on launch day: chipmakers including Huawei Ascend, Moore Threads, MetaX, Hygon, Kunlunxin, Tianshu, and Biren, along with AMD and Intel, as well as Hugging Face and multiple cloud inference platforms, completed Day-0 adaptation in sync; more than 100 domestic and international partners had integrated within 24 hours of the open-source release. The capital markets responded just as directly — Jefferies reiterated its Buy rating with a target price of HK$1118, while Citi and Goldman Sachs also maintained Buy ratings, citing H3’s reinforcement of MiniMax’s position in AI video generation and a cost advantage that supports customer acquisition and commercialization. As of the close on August 5, MiniMax shares were up more than 10%, and the stock was also added to the Stock Connect eligible list during the same period.

COMPETITIONWhat truly widens the gap in this round is the breadth of chip adaptation. Teams looking to run video models on domestic compute have long been dogged by the “model is ready, but the cards can’t run it” problem; Day-0 coverage of eight domestic chips effectively compresses the deployment cycle from months to a single day. The competitive standard for open-source models is thus shifting from pure benchmark scores to “how many hardware and platform players are willing to show up on day one.”

▪ SIGNALEight domestic chips adapted on the same day says more about what MiniMax has a grip on than a No. 1 spot on the leaderboard.