Minimax Yan Junjie: There will be multiple players in the AI field that will continue to exist and make it more universal.

On July 26th, Yan Junjie, founder and CEO of Minimax, stated at the main forum of the 2025 World Artificial Intelligence Conference and Global Governance High-Level Meeting that there will definitely be multiple players in the AI field. The reasons include different companies' values will give different models their own characteristics, enabling them to exist in the long term. In addition, more and more open source models are beginning to have influence and are getting closer to the best closed source models. Therefore, AI will be in the hands of multiple companies or organizations, and will become more and more universal, with more controllable costs.