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Tuesday, October 20, 2026 - 5 Minute AI News
MiniMax releases a cheaper AI model, Anthropic proposes a worker fund, neocloud providers face consolidation, the US bans DeepSeek, and Amazon funds new nuclear reactors for data centers.
MiniMax releases M3.1 Flash to cut AI agent costs — Chinese developer MiniMax launched an optimized 428-billion-parameter model that reduces agentic workflow costs by 70%. The release intensifies an ongoing price war, matching domestic rivals while undercutting Western developers.
Anthropic proposes worker benefit fund prompting Musk response — Anthropic plans to allocate 5% of its shares to pay…
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