MiniMax’s (0100) founder and CEO, Yan Junjie, said he will no longer receive any salary from the company until it achieves artificial general intelligence (AGI), following the share sale and bond issuance announcement on Friday. The company saw its shares plunge as much as 16.41 percent on Friday after announcing a share sale and a bond issuance to raise HK$16.04 billion for funding its AI business. Yan said in an internal all-staff letter that over the next four years, he will allocate personal shares equivalent to 4 percent of the company's total share capital to reward long-term team members, and set aside 1 percent of his shares to establish a special fund for open-source communities. “We will keep going until we get there. Intelligence with Everyone,” Yan said, promising to devote all his time, energy, and capital to the project as a founder.