China's MiniMax sees revenue nearly quadruple in first half as AI demand surges

Revenue for the six months ended ‌June 30 ⁠rose ⁠283.1% from a year earlier to $116.6 million, reflecting surging demand for cheaper, ​open-source-based models from Chinese providers. MiniMax said it will keep pushing to extend the "performance-cost frontier," first ​getting performance to a level t

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