The Chinese AI model developer announced its 2025 revenues jumped 158.9% year-on-year to $79 million.
MiniMax shares surged after revenue beat expectations in its first set of results following its listing. Shares of the Chinese artificial-intelligence company rose 18% to 884.00 Hong Kong dollars, or ...
MiniMax and Zhipu are now worth some $60 bln combined after more than quadrupling this year. The hype evokes the path taken by automakers like Nio, which soared to wild valuations and then got crushed ...
OpenAI and Anthropic allege improper distillation of their models. Investors have pushed Chinese AI valuations sky-high anyway—raising a harder question about pricing power.
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