MiniMax Revenue Quadruples on AI Demand
Chinese AI startup MiniMax reported a nearly four-fold increase in first-half revenue as demand for its affordable models accelerated. Revenue rose to 116.6 million dollars while its net loss narrowed to 358 million dollars.
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MINIMAX GROUP INC posted a 283.1% surge in first-half revenue to $116.6 million on Wednesday, driven by soaring demand for low-cost AI models in China. The revenue jump outpaces Western rivals in United States markets by targeting cheaper deployment at scale. The rapid commercial expansion highlights growing adoption of open-source-based architectures across enterprise tiers.
