MiniMax revenue surges 283% but remains behind pace to meet forecast amid crowded AI race

MiniMax, a Chinese artificial intelligence firm, reported a significant surge in revenue for the first half of the year, increasing by 283% to $116.6 million. This growth was largely driven by a 700% jump in its enterprise business. However, despite this strong performance, the company's revenue remains behind pace to meet full-year analyst forecasts, which estimate $363.77 million in revenue for 2026. This indicates that MiniMax still has a long way to go to meet expectations in a crowded AI market.

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MiniMax revenue surged due to a jump in AI demand. However the company remains behind pace to meet its forecast amid a crowded AI market.

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