Cointime

Download App
iOS & Android

Meituan Leads Series A Round, Mindverse Raises Nearly $50 Million, to Open Source First 750B Reinforcement Learning Agent Model Based on GLM 5.1

According to monitoring by Dongcha Beating, AI agent developer Mindverse has announced the completion of a Series A financing round led by Meituan, with participation from Yuanhe Puhua, Shokz, Variable Capital, and existing shareholders, totaling nearly $50 million. Gao Hu Capital acted as the exclusive financial advisor. Mindverse was co-founded by Chen Kaijie and Andrew (who previously collaborated with Yao Shunyu on the ReAct/FireAct paper), with a core R&D team from DeepSeek, ByteDance Seed, xAI, etc., dedicated to building native agent models through post-training and continuous learning technologies. Unlike conventional methods that rely on external prompt concatenation, Mindverse firmly believes that the core capabilities of agents stem from the model's 'post-training.' The company uses LoRA as the technical foundation for continuous learning and parameterized memory, achieving lossless LoRA reinforcement learning for a trillion-parameter MoE model by the end of 2025, reducing post-training costs to one-tenth of full parameter training. Through the Mixture of LoRA architecture, thousands of independent 'skill packages' (LoRA) representing different preferences or business experiences can be mounted on a shared base, supporting dynamic rapid activation (within seconds) and clean privacy isolation. Mindverse announced it will open source its latest trained 750B parameter agent model, which includes a 744B pre-trained GLM 5.1 base and 6B of LoRA, making it the world's first result of reinforcement learning post-training on GLM 5.1, achieving SOTA on four major benchmarks: Living Bench, Vita Bench, A2UI, and PinchBench. On the product side, Mindverse employs a bidirectional flywheel that iterates collaboratively between model training and its consumer-facing life agent application Macaron (2 million users, 100,000 daily active users); commercially, it collaborates deeply with Huawei Cloud, Microsoft Cloud, and others to open up low-cost, high-concurrency LoRA training and inference infrastructure to enterprises.

Comments

All Comments

Recommended for you

  • President Trump to Hold Talks with Gulf Leaders on Iran Next Week

    On September 17, according to Axios: President Trump will hold talks with Gulf leaders on the issue of Iran next week. (Jinshi)
  • Federal Reserve Raises Interest Rates by 25 Basis Points for the First Time in Three Years

    On September 17, the Federal Reserve raised interest rates by 25 basis points, increasing the benchmark rate to 3.75%-4.00%. This marks the first rate hike since July 2023 and aligns with market expectations, following five consecutive meetings where the Fed maintained its stance.
  • BTC Surpasses $76,000

    Market data shows that BTC has surpassed $76,000, currently priced at $76,009.56, with a 24-hour decline of 1.23%. The market is highly volatile, so please ensure proper risk management.
  • ETH Falls Below $2400

    Market data shows that ETH has fallen below $2400, currently priced at $2399.94, with a 24-hour decline of 3.39%. The market is experiencing significant volatility, so please ensure proper risk management.
  • US Spot Bitcoin ETF Sees Net Outflow of $450.4 Million Yesterday

    On September 16, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net outflow of $450.4 million yesterday.
  • US Spot Ethereum ETF Sees Net Outflow of $142.3 Million Yesterday

    On September 16, according to monitoring by Trader T, the US spot Ethereum ETF experienced a net outflow of $142.3 million yesterday.
  • Senate Banking Committee Chair: CLARITY Act Fails to Advance Due to Democratic Opposition, SEC and CFTC Should Establish Digital Asset Rules

    On September 16, Tim Scott, Chairman of the Senate Banking Committee, stated that today, nearly all Senate Republican members voted in favor of advancing the CLARITY Act, but the motion ultimately failed to secure enough votes due to opposition from Senate Democrats. We have taken a step forward. Now, before Congress completes legislation, it is up to the SEC and CFTC to establish clear regulatory rules for digital assets. I remain focused on single mothers and Americans living in poverty, as I grew up in similar circumstances. I will continue to work to protect their hard-earned money and ensure the future of the financial industry remains in the United States.
  • Galaxy CEO: CLARITY Act Fails Due to Bipartisan Ethical Disagreements, SEC and CFTC to Continue Regulatory Efforts

    On September 16, Galaxy CEO Mike Novogratz stated, "The government seems to be paralyzed. Our industry has worked with both Democrats and Republicans for 18 months, yet the CLARITY Act has faltered just five yards from the finish line. All disputes, except for one issue, were resolved through hard negotiations. That issue is ethics. Both sides have held firm to their positions on ethics, ultimately deeming their stance more important than the long-term interests of a significant industry and the opportunity for the U.S. to lead in this sector. Republicans are concerned about imposing real restrictions on the President's ability to profit from digital assets; Democrats have decided to use this industry as a battleground in their fight against corruption. They worry about any actions that could be interpreted as showing a "soft stance" towards the President. Previously, there was a bipartisan proposal that could have resolved this issue, but it ultimately got caught up in political maneuvering. I am very disappointed that neither side was able to find a way across this divide. I know that with only seven weeks until the election, this has largely driven both parties' actions. However, what is truly perplexing is that I do not believe cryptocurrency and this bill will be among the top ten issues in this election. In 2024, yes, but this year's focus will be on war, inflation, cost of living, artificial intelligence, immigration, and which party can provide better solutions to these issues. Nonetheless, I still believe that the SEC and CFTC will continue to advance the development of regulatory rules for digital assets. I hope that over time, Congress will eventually find a way to formally legislate these rules, allowing market participants to build longer-term confidence in how digital assets will be regulated in the U.S. Perhaps Mitch McConnell returning to Congress in a wheelchair after a 90-day break is itself a rather ironic signal, further highlighting the predicament Congress is currently in. Tomorrow we continue to work. We keep building.
  • BTC Falls Below $76,000

    Market data shows that BTC has fallen below $76,000, currently priced at $75,944.3, with a 24-hour decline of 4.09%. The market is experiencing significant volatility, so please ensure proper risk management.
  • BTC Surpasses $77,000

    Market data shows that BTC has surpassed $77,000, currently priced at $77,007.69, with a 24-hour decline narrowing to 2.2%. The market is experiencing significant volatility, so please ensure proper risk management.