Early session surge for ILUVATAR COREX on open-source AI model news

ILUVATAR COREX (09903) shares surged more than 8% in early trading, rising 8.59% to HK$465 as of the time of writing, with a turnover of HK$66.2098 million.

On August 3, MiniMax announced the official open-source release of its MiniMax H3 model. Leveraging its full-stack proprietary computing technology system, ILUVATAR COREX completed deep adaptation on the same day of the open-source launch, achieving a state of "open-source and ready-adaptation, adaptation and ready-to-use," enabling commercial-grade video generation capabilities to run on domestic general-purpose GPUs immediately.

Notably, ILUVATAR COREX recently unveiled its next-generation flagship general-purpose GPU product, Tianai 300, at WAIC 2026, featuring comprehensive upgrades in chip architecture, inference performance, software stack, and system capabilities. Changjiang Securities noted that the Tianai 300 supports deployment from single-machine to large-scale clusters and is now ready for large-scale application. The Tianai 300 outperforms Hopper solutions in terms of MoE, Prefill, and Decode efficiencies, marking a transition for domestic GPUs from being usable to being excellent, with international competitiveness.