No salary for me until we achieve AGI: MiniMax CEO makes a promise to its employees

MiniMax founder and CEO Yan Junjie has told employees that he will stop taking a salary until the Chinese AI company achieves artificial general intelligence (AGI). In an internal memo that a MiniMax executive publicly shared on X, Yan also pledged to transfer part of his personal shareholding to reward employees and support open-source AI development.The announcement came alongside MiniMax's plans to raise approximately HK$16.04 billion (about $2.05 billion) through a Hong Kong share placement and zero-coupon convertible bonds to fund AI infrastructure, research and development, commercialisation and general corporate operations.Read MiniMax CEO’s memo to employees about not taking his salary until AGI is achieved In the memo addressed to employees, which was shared on X, Yan wrote (translated from Chinese): "Dear colleagues,Markets fluctuate and external noise abounds, yet our forward trajectory remains unchanged.Standing at the forefront of the industry, we understand the true pace of technological evolution—and the long-term…