MiniMax (http://0100.HK), which has been listed in Hong Kong for half a year, just officially announced a massive, game-changing round of financing: Successfully raised over $2 billion USD in cash (around HK$16 billion), with more than 100 top global sovereign funds and legacy institutions scrambling to subscribe, instantly maxing out the company’s cash reserves. But the most jaw-dropping part isn’t the money—it’s the three hardcore pledges that founder and CEO Yan Junjie (IO) dropped on the entire team the day the financing was finalized: Starting today, until MiniMax truly achieves AGI, he won’t take a single penny in salary. Over the next 4 years, he’ll personally give away shares equivalent to 4% of the company’s total equity to reward key employees who stick with the company for the long haul. And he’ll carve out 1% of his personal shares to establish a dedicated open-source fund to relentlessly support the open-source community.