MiniMax Doubles Revenue in 2 Months as M2.7 Model Lifts Users Past 1 Million
Updated
Updated · Bloomberg · May 28
MiniMax Doubles Revenue in 2 Months as M2.7 Model Lifts Users Past 1 Million
1 articles · Updated · Bloomberg · May 28
Annualized revenue at MiniMax more than doubled over the past two months, with the Chinese AI startup saying forward-looking sales beat its own projections.
M2.7, released in mid-March, drove the surge as an influx of users adopted the model for developer and enterprise use, according to co-founder and President Yun Yeyi.
More than 1 million users now use MiniMax’s AI-based enterprise services, a fivefold increase from six months ago.
A new flagship model is the company’s next push as it tries to convert that momentum into more developer and enterprise customers.
As losses mount despite soaring revenue, is MiniMax’s low-cost AI strategy sustainable?
What is the secret to MiniMax's AI, which rivals top US models at a fraction of the price?