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27 Aug
MiniMax reports rapid platform growth alongside heavy losses
MiniMax reported first-half revenue of US$116.6 million, up 283.1% year on year, while revenue from its Open Platform and other AI enterprise services rose 703.1% to US$73.9 million. Gross profit increased sharply, but adjusted net loss reached US$293.0 million, showing that commercial scale and compute-heavy spending are expanding together.
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