{"id":14742,"date":"2026-09-03T07:23:24","date_gmt":"2026-09-03T07:23:24","guid":{"rendered":"https:\/\/nxhdyxdsj.com\/?p=14742"},"modified":"2026-09-03T07:23:24","modified_gmt":"2026-09-03T07:23:24","slug":"%e6%99%ba%e8%b0%b1%e5%92%8c-minimax%ef%bc%8c%e6%8a%8a%e5%a4%a7%e6%a8%a1%e5%9e%8b%e5%81%9a%e6%88%90%e4%ba%86%e4%b8%a4%e7%a7%8d%e7%94%9f%e6%84%8f-%e6%9e%81%e5%ae%a2%e5%85%ac%e5%9b%ad","status":"publish","type":"post","link":"https:\/\/nxhdyxdsj.com\/?p=14742","title":{"rendered":"\u667a\u8c31\u548c MiniMax\uff0c\u628a\u5927\u6a21\u578b\u505a\u6210\u4e86\u4e24\u79cd\u751f\u610f | \u6781\u5ba2\u516c\u56ed"},"content":{"rendered":"<p><\/p>\n<div>\n<p>\u00a0<\/p>\n<p>\u5934\u56fe\u6765\u6e90\uff1a\u89c6\u89c9\u4e2d\u56fd<\/p>\n<p>\u4e24\u5bb6\u4e2d\u56fd\u5927\u6a21\u578b\u516c\u53f8\uff0c\u5728\u4e94\u5929\u91cc\u5148\u540e\u4ea4\u51fa\u4e86\u4e0a\u5e02\u540e\u7684\u9996\u4efd\u4e2d\u62a5\u3002<\/p>\n<p>MiniMax \u5148\u51fa\uff1a\u4e0a\u534a\u5e74\u6536\u5165 1.17 \u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f 283%\uff1b8 \u6708 ARR \u8d85\u8fc7 8 \u4ebf\u7f8e\u5143\u3002\u667a\u8c31\u968f\u540e\u516c\u5e03\uff1a\u4e0a\u534a\u5e74\u6536\u5165 9.54 \u4ebf\u5143\u4eba\u6c11\u5e01\uff0c\u540c\u6bd4\u589e\u957f\u8fd1 400%\uff1b8 \u6708 ARR \u8fbe\u5230 16 \u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u5982\u679c\u53ea\u770b ARR\uff0c\u7ed3\u8bba\u4f3c\u4e4e\u5f88\u7b80\u5355\uff1a\u667a\u8c31\u66f4\u9ad8\uff0cMiniMax \u7d27\u968f\u5176\u540e\uff1b\u4e24\u5bb6\u516c\u53f8\u90fd\u5728\u8bb2 Token \u8c03\u7528\u91cf\u66b4\u6da8\u3001\u4f01\u4e1a\u5ba2\u6237\u589e\u52a0\u3001\u6a21\u578b\u80fd\u529b\u5f00\u59cb\u6362\u6765\u6536\u5165\u3002<\/p>\n<p>\u628a\u6570\u5b57\u653e\u56de\u8d22\u62a5\uff0c\u4e8b\u60c5\u4f1a\u53d8\u5f97\u590d\u6742\u4e00\u4e9b\u3002<\/p>\n<p>\u667a\u8c31\u4e0a\u534a\u5e74\u786e\u8ba4\u6536\u5165\u7ea6 1.42 \u4ebf\u7f8e\u5143\uff0cMiniMax \u4e3a 1.17 \u4ebf\u7f8e\u5143\uff0c\u4e24\u8005\u5b9e\u9645\u6536\u5165\u89c4\u6a21\u76f8\u5dee\u4e0d\u8fdc\uff1b\u4e24\u5bb6\u7684\u7ecf\u8c03\u6574\u4e8f\u635f\u4e5f\u51e0\u4e4e\u76f8\u540c\uff0c\u90fd\u63a5\u8fd1 3 \u4ebf\u7f8e\u5143\u3002ARR \u4ee3\u8868\u67d0\u4e2a\u65f6\u70b9\u7684\u6536\u5165\u901f\u5ea6\uff0c\u4f46\u65e0\u6cd5\u76f4\u63a5\u66ff\u4ee3\u6536\u5165\u3001\u6bdb\u5229\u548c\u73b0\u91d1\u6d41\u3002<\/p>\n<p>\u4e24\u5bb6\u516c\u53f8\u90fd\u8fd8\u6ca1\u6709\u8d70\u5230\u76c8\u5229\u90a3\u4e00\u9875\u3002\u4e24\u4efd\u4e2d\u62a5\u91cc\uff0c\u300c\u671f\u5185\u4e8f\u635f\u6536\u7a84\u300d\u90fd\u53d7\u5230\u4e0a\u5e02\u540e\u4f18\u5148\u80a1\u8f6c\u6362\u5e26\u6765\u7684\u4f1a\u8ba1\u56e0\u7d20\u5f71\u54cd\uff1b\u5982\u679c\u5265\u5f00\u8fd9\u5c42\uff0c\u7814\u53d1\u548c\u7ecf\u8425\u6295\u5165\u5176\u5b9e\u4ecd\u7136\u5728\u9ad8\u4f4d\u3002<\/p>\n<p>\u4e0d\u4e00\u6837\u7684\u662f\u4e24\u5bb6\u516c\u53f8\u6b63\u5728\u628a\u6a21\u578b\u5356\u5411\u54ea\u91cc\u3002<\/p>\n<p>\u667a\u8c31\u7684 API \u6536\u5165\u5df2\u7ecf\u5360\u5230\u603b\u6536\u5165\u7684 86.5%\uff0c\u5b83\u5f00\u59cb\u628a\u6a21\u578b\u63a8\u5230 Coding\u3001\u7f51\u5b89\u548c\u957f\u7a0b\u4efb\u52a1\u7684\u5de5\u4f5c\u73b0\u573a\uff1bMiniMax \u7684\u4f01\u4e1a\u670d\u52a1\u6536\u5165\u5feb\u901f\u589e\u957f\uff0c\u540c\u65f6\u4fdd\u7559\u7740\u5168\u7403\u5316\u3001\u591a\u6a21\u6001\u548c AI \u539f\u751f\u4ea7\u54c1\u7684\u57fa\u672c\u76d8\uff0c\u5b83\u66f4\u5173\u5fc3\u5982\u4f55\u628a\u6bcf\u4e00\u5355\u4f4d\u667a\u80fd\u505a\u5f97\u66f4\u4fbf\u5b9c\uff0c\u8ba9\u66f4\u591a\u7528\u6237\u3001\u66f4\u591a Agent \u548c\u66f4\u591a\u521b\u4f5c\u573a\u666f\u6d88\u8d39\u5b83\u3002<\/p>\n<p>\u4e24\u4efd\u4e2d\u62a5\uff0c\u5c55\u73b0\u7684\u662f\u4e2d\u56fd\u5927\u6a21\u578b\u5546\u4e1a\u5316\u7684\u4e00\u6b21\u5206\u5c42\u3002<\/p>\n<p>\u5148\u770b\u667a\u8c31\u7684\u4e2d\u62a5\u3002\u4e0a\u534a\u5e74\u8425\u6536 9.54 \u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f 399.7%\uff0c\u5df2\u8d85\u8fc7 2025 \u5e74\u5168\u5e74 7.24 \u4ebf\u5143\uff1b\u6bdb\u5229 2.52 \u4ebf\u5143\uff0c\u6bdb\u5229\u7387 26.4%\uff1b\u7814\u53d1\u652f\u51fa 21.31 \u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f 33.6%\u3002<\/p>\n<p style=\"text-align: center;\"><img src=\"https:\/\/imgslim.geekpark.net\/uploads\/image\/file\/10\/64\/1064f66c2b5a2f47231908df197f2250.png\"\/><\/p>\n<p>\u56fe\u7247\u6765\u6e90\uff1a\u667a\u8c31\u4e2d\u62a5<\/p>\n<p>\u589e\u957f\u80cc\u540e\u662f\u4e1a\u52a1\u7ed3\u6784\u7684\u660e\u663e\u8f6c\u6362\u3002\u5f00\u653e\u5e73\u53f0\u4e0e API \u4e1a\u52a1\u6536\u5165 8.25 \u4ebf\u5143\uff0c\u540c\u6bd4\u589e\u957f 2735.7%\uff0c\u5360\u603b\u6536\u5165 86.5%\u2014\u2014 \u53bb\u5e74\u540c\u671f\u8fd9\u4e2a\u6570\u5b57\u53ea\u6709 15.2%\u3002\u8fc7\u53bb\u627f\u62c5\u57fa\u672c\u76d8\u7684\u672c\u5730\u5316\u90e8\u7f72\u9000\u5230\u66f4\u9760\u540e\u7684\u4f4d\u7f6e\uff1a\u4f01\u4e1a\u901a\u7528\u6a21\u578b\u76f8\u5173\u6536\u5165 6704 \u4e07\u5143\uff0c\u540c\u6bd4\u4e0b\u964d 54.6%\u3002<\/p>\n<p>\u667a\u8c31\u6b63\u5728\u4ece &#8220;\u628a\u6a21\u578b\u90e8\u7f72\u8fdb\u5ba2\u6237\u673a\u623f\u3001\u7b7e\u4e00\u7b14\u9879\u76ee\u786e\u8ba4\u4e00\u7b14\u6536\u5165&#8221;\uff0c\u8f6c\u5411 &#8220;\u628a\u6a21\u578b\u653e\u5728\u4e91\u4e0a\u3001\u6309\u8c03\u7528\u91cf\u6301\u7eed\u6536\u8d39&#8221;\u3002\u524d\u8005\u66f4\u50cf\u4f20\u7edf\u9879\u76ee\u751f\u610f\uff0c\u5f3a\u8c03\u4ea4\u4ed8\u3001\u5b89\u5168\u548c\u5ba2\u6237\u5173\u7cfb\uff1b\u540e\u8005\u4f9d\u8d56\u6a21\u578b\u80fd\u529b\u3001\u5f00\u53d1\u8005\u751f\u6001\u548c\u63a8\u7406\u6210\u672c\uff0c\u66f4\u6709\u673a\u4f1a\u5f62\u6210\u6301\u7eed\u3001\u53ef\u6269\u5f20\u7684\u6536\u5165\u3002<\/p>\n<p>\u622a\u81f3\u4e2d\u62a5\u53d1\u5e03\u65f6\uff0cMaaS \u5e73\u53f0 Token \u8c03\u7528\u91cf\u8f83\u5e74\u521d\u589e\u957f\u8d85 40 \u500d\uff0c\u4ed8\u8d39\u65e5\u6d3b\u589e\u957f 603%\uff0cAPI \u5e73\u5747\u552e\u4ef7\u63d0\u5347\u7ea6 101%\uff1b\u5f00\u653e\u5e73\u53f0\u53ca API \u4e1a\u52a1\u6bdb\u5229\u7387\u4e5f\u4ece\u53bb\u5e74\u540c\u671f\u7684 &#8211; 0.4% \u5347\u81f3 24.6%\u3002<\/p>\n<p>\u7535\u8bdd\u4f1a\u4e0a\uff0c\u7ba1\u7406\u5c42\u79f0\uff0c\u6309 8 \u6708\u5355\u6708\u6536\u5165\u4e58\u4ee5 12 \u8ba1\u7b97\uff0cMaaS \u5e73\u53f0 ARR \u8fbe\u5230 16 \u4ebf\u7f8e\u5143\uff1b\u6309\u6700\u8fd1\u4e00\u5468\u6536\u5165\u5e74\u5316\u5219\u8d85\u8fc7 20 \u4ebf\u7f8e\u5143\u3002ARR \u672a\u5217\u5165\u8d22\u62a5\uff0c\u77ed\u671f\u5e74\u5316\u5bb9\u6613\u653e\u5927\u67d0\u4e2a\u6708\u7684\u589e\u901f\uff0c\u4f46\u667a\u8c31\u5f3a\u8c03\u5b83\uff0c\u53cd\u6620\u51fa\u5e0c\u671b\u5e02\u573a\u7528 &#8220;\u4e91\u7aef\u6a21\u578b\u670d\u52a1\u5f53\u524d\u7684\u8fd0\u884c\u901f\u5ea6&#8221;\uff0c\u800c\u4e0d\u53ea\u662f\u5df2\u786e\u8ba4\u7684\u534a\u5e74\u6536\u5165\u6765\u8861\u91cf\u516c\u53f8\u3002<\/p>\n<p>API \u9ad8\u901f\u589e\u957f\uff0c\u6ca1\u6709\u6539\u53d8\u667a\u8c31\u4ecd\u5904\u5728\u9ad8\u6295\u5165\u671f\u7684\u73b0\u5b9e\u3002\u6536\u5165\u7ed3\u6784\u4ece\u9ad8\u6bdb\u5229\u7684\u672c\u5730\u5316\u90e8\u7f72\u8f6c\u5411 API\uff0c\u6574\u4f53\u6bdb\u5229\u7387\u4ece\u53bb\u5e74\u540c\u671f\u7684 50.0% \u964d\u81f3 26.4%\uff1b\u671f\u5185\u4e8f\u635f 20.72 \u4ebf\u5143\uff0c\u7ecf\u8c03\u6574\u51c0\u4e8f\u635f 19.64 \u4ebf\u5143\uff0c\u7ecf\u8425\u4e8f\u635f\u7531 18.99 \u4ebf\u5143\u6269\u5927\u81f3 21.47 \u4ebf\u5143\u3002\u4e8f\u635f\u6570\u5b57\u65b9\u5411\u4e0d\u4e00\uff0c\u4e3b\u56e0\u662f\u4f18\u5148\u80a1\u8f6c\u6362\uff1a\u53bb\u5e74\u540c\u671f\u76f8\u5173\u91d1\u878d\u8d1f\u503a\u516c\u5141\u4ef7\u503c\u53d8\u52a8\u5e26\u6765 4.29 \u4ebf\u5143\u635f\u5931\uff0c\u4eca\u5e74\u964d\u81f3 2209 \u4e07\u5143\u3002\u4f46\u66f4\u80fd\u53cd\u6620\u4e3b\u8425\u4e1a\u52a1\u60c5\u51b5\u7684\u7ecf\u8425\u4e8f\u635f\uff0c\u4ecd\u7531\u53bb\u5e74\u540c\u671f\u7684 18.99 \u4ebf\u5143\u6269\u5927\u81f3 21.47 \u4ebf\u5143\u3002\u540c\u671f\u7814\u53d1\u6295\u5165\u8fbe\u5230 21.31 \u4ebf\u5143\uff0c\u662f\u6536\u5165\u7684\u4e24\u500d\u4ee5\u4e0a\uff0c\u6a21\u578b\u8bad\u7ec3\u548c\u63a8\u7406\u57fa\u7840\u8bbe\u65bd\u4ecd\u9700\u8981\u5927\u91cf\u8d44\u91d1\u3002<\/p>\n<p>\u4f46\u667a\u8c31\u6ca1\u6709\u53ea\u7528\u4f20\u7edf\u8d22\u52a1\u6307\u6807\u89e3\u91ca\u8fd9\u7b14\u6295\u5165\u3002\u8fd9\u4efd 60 \u9875\u7684\u4e2d\u671f\u4e1a\u7ee9\u516c\u544a\uff0c\u7528\u76f8\u5f53\u7bc7\u5e45\u8ba8\u8bba\u6a21\u578b\u67b6\u6784\u3001\u8bad\u7ec3\u7b97\u6cd5\u3001\u5f3a\u5316\u5b66\u4e60\u3001\u63a8\u7406\u7cfb\u7edf\u548c\u56fd\u4ea7\u82af\u7247\u96c6\u7fa4\uff0c\u6700\u540e\u8fd8\u9644\u4e86\u4e00\u4efd\u6280\u672f\u8bcd\u6c47\u8868\u3002<\/p>\n<p>\u667a\u8c31\u5728\u516c\u544a\u4e2d\u63d0\u51fa\u4e00\u6761\u516c\u5f0f\uff1a&#8221;AGI \u5546\u4e1a\u4ef7\u503c\uff1d\u667a\u80fd\u4e0a\u754c \u00d7Token \u6d88\u8017\u89c4\u6a21\u3002&#8221; \u903b\u8f91\u662f\uff0c\u667a\u80fd\u4e0a\u754c\u51b3\u5b9a\u6a21\u578b\u80fd\u5904\u7406\u4ec0\u4e48\u4efb\u52a1\uff0c\u4efb\u52a1\u8fb9\u754c\u51b3\u5b9a\u6bcf\u4e2a Token \u7684\u4ef7\u503c\u5bc6\u5ea6\uff0c\u518d\u7531 Token \u6d88\u8017\u89c4\u6a21\u653e\u5927\u3002\u7528\u4e8e\u65e5\u5e38\u804a\u5929\u7684 Token\uff0c\u4e0e\u7528\u4e8e\u5b8c\u6210\u8f6f\u4ef6\u5de5\u7a0b\u3001\u53d1\u73b0\u751f\u4ea7\u7cfb\u7edf\u6f0f\u6d1e\u7684 Token\uff0c\u4ee3\u8868\u4e0d\u540c\u7684\u5546\u4e1a\u4ef7\u503c\u3002\u516c\u53f8\u8fd8\u81ea\u5b9a\u4e49\u4e86 &#8220;\u7b97\u529b\u4e58\u6570&#8221;\uff0c\u8861\u91cf\u6bcf\u6295\u5165\u4e00\u5143\u8bad\u7ec3\u548c\u63a8\u7406\u7b97\u529b\u4ea7\u751f\u591a\u5c11\u5f00\u653e\u5e73\u53f0\u53ca API \u6536\u5165\uff0c\u79f0\u4e0a\u534a\u5e74\u540c\u6bd4\u63d0\u9ad8\u7ea6 14 \u500d\u2014\u2014 \u867d\u7136\u672a\u62ab\u9732\u7edd\u5bf9\u503c\u548c\u8ba1\u7b97\u8fc7\u7a0b\uff0c\u5916\u754c\u6682\u65e0\u6cd5\u72ec\u7acb\u9a8c\u8bc1\u3002<\/p>\n<p>\u628a\u8fd9\u4e9b\u81ea\u5b9a\u4e49\u6307\u6807\u5199\u8fdb\u4e2d\u62a5\uff0c\u8bf4\u660e\u667a\u8c31\u6b63\u5728\u4e89\u593a\u5927\u6a21\u578b\u516c\u53f8\u7684\u4f30\u503c\u89e3\u91ca\u6743\uff1a\u9664\u4e86\u6536\u5165\u3001\u5229\u6da6\u548c\u73b0\u91d1\u6d41\uff0c\u4e5f\u5e0c\u671b\u6295\u8d44\u8005\u5173\u6ce8\u6a21\u578b\u80fd\u529b\u3001Token \u6d88\u8017\u3001\u5355\u4f4d\u4efb\u52a1\u6210\u672c\uff0c\u4ee5\u53ca\u7b97\u529b\u8f6c\u5316\u4e3a\u6536\u5165\u7684\u6548\u7387\u3002<\/p>\n<p>\u8fd1\u671f\u6a21\u578b\u52a8\u4f5c\u53ef\u4ee5\u6cbf\u7740\u8fd9\u5957\u65b9\u6cd5\u8bba\u7406\u89e3\u3002<\/p>\n<p>6 \u6708\u53d1\u5e03\u7684 GLM-5.2 \u628a\u91cd\u70b9\u653e\u5728\u957f\u7a0b Coding \u548c Agent \u80fd\u529b\uff1b\u968f\u540e\u7684 GLM-5.3 \u6cbf\u7528\u76f8\u540c\u5e95\u5ea7\u548c\u53c2\u6570\u89c4\u6a21\uff0c\u4e3b\u8981\u6269\u5927\u957f\u7a0b\u4efb\u52a1\u73af\u5883\u548c\u5f3a\u5316\u5b66\u4e60\u6295\u5165\uff0c\u81ea\u5efa\u771f\u5b9e Coding \u8bc4\u6d4b\u4e2d\u7aef\u5230\u7aef\u4efb\u52a1\u5b8c\u6210\u7387\u8f83 5.2 \u63d0\u5347\u8d85 50%\u2014\u2014 \u5b83\u8bd5\u56fe\u63a8\u9ad8\u6a21\u578b\u72ec\u7acb\u5904\u7406\u590d\u6742\u4efb\u52a1\u7684\u80fd\u529b\u4e0a\u9650\u3002<\/p>\n<p>8 \u6708\u5e95\u7684 GLM-5.3-Flash \u5219\u8d1f\u8d23\u538b\u4f4e\u5927\u89c4\u6a21\u8c03\u7528\u7684\u6210\u672c\uff1a3200 \u4ebf\u603b\u53c2\u6570\u3001180 \u4ebf\u6fc0\u6d3b\u53c2\u6570\u7684\u7a00\u758f\u67b6\u6784\uff0c\u5728\u7ea6 10 \u4e07\u5f20\u56fd\u4ea7\u82af\u7247\u96c6\u7fa4\u4e0a\u8fd0\u884c\uff0c\u4ef7\u683c\u7ea6\u4e3a GLM-5.2 \u7684\u5341\u5206\u4e4b\u4e00\uff0c\u533f\u540d\u6d4b\u8bd5\u516d\u5929\u7d2f\u8ba1\u6d88\u8017\u8d85 62 \u4e07\u4ebf Token\u3002\u667a\u8c31\u540c\u65f6\u62ab\u9732\uff0c\u5355\u4f4d Token \u63a8\u7406\u6210\u672c\u8f83\u5e74\u521d\u4e0b\u964d\u7ea6 80%\u3002<\/p>\n<p>GLM-5.3 \u62d3\u5c55\u4efb\u52a1\u4e0a\u9650\uff0cGLM-5.3-Flash \u6269\u5927 Token \u6d88\u8d39\u89c4\u6a21\uff0c\u4e24\u6761\u4ea7\u54c1\u7ebf\u5206\u522b\u5bf9\u5e94\u516c\u5f0f\u7684\u4e24\u7aef\u3002<\/p>\n<p>\u63a5\u4e0b\u6765\u9700\u8981\u8bc1\u660e\u7684\uff0c\u662f\u8fd9\u79cd\u80fd\u529b\u80fd\u5426\u7ee7\u7eed\u5411\u66f4\u6df1\u7684\u5de5\u4f5c\u6d41\u5ef6\u4f38\u3002<\/p>\n<p>\u76ee\u524d\u667a\u80fd\u4f53\u4e1a\u52a1\u6536\u5165 5556 \u4e07\u5143\uff0c\u540c\u6bd4\u589e\u957f 304.4%\uff0c\u589e\u957f\u5f88\u5feb\u4f46\u4f53\u91cf\u6709\u9650\uff1b\u7f51\u7edc\u5b89\u5168\u5df2\u8fdb\u5165 Co-work \u9a8c\u8bc1\u9636\u6bb5\uff0c\u6cd5\u5f8b\u3001\u91d1\u878d\u3001\u6559\u80b2\u7b49\u65b9\u5411\u8fd8\u5728\u65e9\u671f\u3002\u300c\u5356\u7ed3\u679c\u300d\u76ee\u524d\u66f4\u591a\u662f\u4e00\u6761\u6b63\u5728\u642d\u5efa\u7684\u8def\u5f84\uff1a\u4ece\u5356\u672c\u5730\u5316\u6a21\u578b\uff0c\u5230\u5356 API \u8c03\u7528\u548c Coding \u8ba2\u9605\uff0c\u518d\u8ba9 Agent \u8fdb\u5165\u4f01\u4e1a\u6d41\u7a0b\uff0c\u6700\u7ec8\u6309\u7aef\u5230\u7aef\u4efb\u52a1\u6536\u8d39\u3002API \u9ad8\u901f\u589e\u957f\u9a8c\u8bc1\u4e86\u5176\u4e2d\u4e00\u6bb5\uff0cCo-work \u80fd\u5426\u6210\u4e3a\u4e0b\u4e00\u9879\u89c4\u6a21\u6536\u5165\uff0c\u8fd8\u8981\u7b49\u540e\u7eed\u8d22\u62a5\u56de\u7b54\u3002<\/p>\n<p>MiniMax \u7684\u4e2d\u62a5\u5448\u73b0\u51fa\u53e6\u4e00\u79cd\u589e\u957f\u8f6e\u5ed3\u3002<\/p>\n<p>2026 \u5e74\u4e0a\u534a\u5e74\uff0cMiniMax \u5b9e\u73b0\u6536\u5165 1.17 \u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f 283.1%\uff1b\u6bdb\u5229 2081 \u4e07\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f 464.8%\uff0c\u6bdb\u5229\u7387\u4ece\u53bb\u5e74\u540c\u671f\u7684 12.1% \u63d0\u5347\u81f3 17.9%\u3002\u5176\u4e2d\uff0c\u5f00\u653e\u5e73\u53f0\u53ca\u5176\u4ed6 AI \u4f01\u4e1a\u670d\u52a1\u6536\u5165 7393 \u4e07\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f 703.1%\uff0c\u5360\u603b\u6536\u5165\u7684 63.4%\uff1bAI \u539f\u751f\u4ea7\u54c1\u6536\u5165 4264 \u4e07\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f 100.9%\u3002<\/p>\n<p style=\"text-align: center;\"><img src=\"https:\/\/imgslim.geekpark.net\/uploads\/image\/file\/64\/c5\/64c550c1751aa57cf76730125a1eaabb.png\"\/><\/p>\n<p>\u56fe\u7247\u6765\u6e90\uff1aminimax \u4e2d\u62a5<\/p>\n<p>\u4e0e\u667a\u8c31\u76f8\u6bd4\uff0cMiniMax \u7684\u4e00\u9879\u5dee\u5f02\u5f88\u7a81\u51fa\uff1a\u6d77\u5916\u5df2\u7ecf\u662f\u6536\u5165\u4e3b\u4f53\u3002\u4e0a\u534a\u5e74\uff0cMiniMax \u6d77\u5916\u6536\u5165\u4e3a 7083 \u4e07\u7f8e\u5143\uff0c\u5360\u603b\u6536\u5165 60.8%\uff1b\u4e2d\u56fd\u5185\u5730\u6536\u5165\u4e3a 4575 \u4e07\u7f8e\u5143\uff0c\u5360 39.2%\u3002\u7535\u8bdd\u4f1a\u4e0a\uff0c\u516c\u53f8\u8fdb\u4e00\u6b65\u62ab\u9732\uff0c\u4f01\u4e1a\u548c\u5f00\u53d1\u8005\u5ba2\u6237\u8d85\u8fc7 200 \u4e07\uff0c\u8f83\u53bb\u5e74\u672b\u589e\u957f\u7ea6\u5341\u500d\uff1b\u5176 8 \u6708 ARR \u8d85\u8fc7 8 \u4ebf\u7f8e\u5143\uff0cToB \u4e1a\u52a1\u5360 ARR \u7684\u6bd4\u4f8b\u4ece\u4e00\u5e74\u524d\u7ea6 30% \u63d0\u5347\u81f3\u7ea6 80%\u3002<\/p>\n<p>\u8fd9\u540c\u6837\u662f\u9ad8\u901f\u6269\u5f20\u4e2d\u7684\u6570\u5b57\u3002MiniMax \u5e76\u672a\u5728\u8d22\u62a5\u4e2d\u5145\u5206\u8bf4\u660e 8 \u4ebf\u7f8e\u5143 ARR \u7684\u5177\u4f53\u5e74\u5316\u65b9\u5f0f\uff0c\u5e76\u4e0d\u80fd\u76f4\u63a5\u4e0e\u667a\u8c31\u6309\u300c8 \u6708\u6536\u5165\u4e58\u4ee5 12\u300d\u8ba1\u7b97\u7684 16 \u4ebf\u7f8e\u5143\u76f8\u51cf\u5f97\u51fa\u7ed3\u8bba\u3002\u4e24\u5bb6\u7684\u5ba2\u6237\u5b9a\u4e49\u3001\u6536\u5165\u786e\u8ba4\u3001\u4e1a\u52a1\u6784\u6210\u548c ARR \u53e3\u5f84\u4e5f\u90fd\u4e0d\u5b8c\u5168\u4e00\u81f4\u3002<\/p>\n<p>\u4e0d\u8fc7\uff0c MiniMax \u5728\u7535\u8bdd\u4f1a\u4e2d\u7ed9\u51fa\u7684\u7ecf\u8425\u903b\u8f91\u5f88\u6e05\u6670\uff1a\u6a21\u578b\u4ef7\u683c\u53ef\u4ee5\u7ee7\u7eed\u4e0b\u964d\uff0c\u5355\u4f4d Token \u7684\u6bdb\u5229\u4f9d\u7136\u53ef\u4ee5\u6539\u5584\u3002\u539f\u56e0\u6765\u81ea\u6a21\u578b\u67b6\u6784\u3001\u7b97\u529b\u8c03\u5ea6\u3001\u4f9b\u5e94\u94fe\u548c\u63a8\u7406\u6548\u7387\u7684\u5171\u540c\u4f18\u5316\u3002\u5b83\u628a\u8fd9\u5957\u601d\u8def\u6982\u62ec\u4e3a\u300cMinimize the Cost, Maximize the Intelligence\u300d\u2014\u2014\u5728\u7b97\u529b\u548c\u80fd\u6e90\u4ecd\u662f\u7a00\u7f3a\u8d44\u6e90\u7684\u73b0\u5b9e\u91cc\uff0c\u5c3d\u91cf\u538b\u4f4e\u83b7\u5f97\u540c\u7b49\u667a\u80fd\u7684\u6210\u672c\u3002<\/p>\n<p>\u8fd9\u5957\u903b\u8f91\u4e5f\u53cd\u6620\u5728 MiniMax \u6700\u8fd1\u7684\u4ea7\u54c1\u8282\u594f\u4e0a\u3002<\/p>\n<p>6 \u6708\u63a8\u51fa\u7684 MiniMax-M3\uff0c\u628a\u91cd\u70b9\u653e\u5728 Coding\u3001Agentic \u80fd\u529b\u4e0e\u767e\u4e07\u7ea7\u4e0a\u4e0b\u6587\uff1b\u516c\u53f8\u5728\u4e1a\u7ee9\u4f1a\u4e0a\u79f0\uff0cM3 \u76f8\u6bd4\u524d\u4e00\u4ee3\u6a21\u578b\uff0c\u5728\u76f8\u8fd1\u4ef7\u683c\u4e0b\u5e26\u6765\u4e86\u66f4\u5f3a\u7684\u80fd\u529b\uff0c\u8fd9\u65e2\u5e26\u6765\u65b0\u5ba2\u6237\uff0c\u4e5f\u63a8\u52a8\u8001\u5ba2\u6237\u6269\u5927\u8c03\u7528\u3002<\/p>\n<p>\u968f\u540e\u53d1\u5e03\u7684 H3\uff0c\u5219\u628a\u91cd\u70b9\u653e\u5728\u89c6\u9891\u3001\u97f3\u9891\u7b49\u539f\u751f\u591a\u6a21\u6001\u751f\u6210\u4e0a\uff0c\u5e76\u5728 8 \u6708\u5f00\u653e\u6743\u91cd\u3002\u5bf9 MiniMax \u6765\u8bf4\uff0c\u6587\u672c\u6a21\u578b\u4e0e\u591a\u6a21\u6001\u6a21\u578b\u4e0d\u662f\u4e24\u6761\u4e92\u4e0d\u76f8\u5e72\u7684\u4ea7\u54c1\u7ebf\uff1a\u524d\u8005\u627f\u63a5\u4f01\u4e1a\u5f00\u53d1\u3001\u4ee3\u7801\u548c\u667a\u80fd\u4f53\u9700\u6c42\uff0c\u540e\u8005\u5207\u5165\u521b\u4f5c\u3001\u5185\u5bb9\u751f\u4ea7\u548c\u66f4\u5e7f\u6cdb\u7684 AI \u539f\u751f\u5e94\u7528\u3002<\/p>\n<p>MiniMax \u4e5f\u5728\u5411\u56fd\u4ea7\u82af\u7247\u505a\u9002\u914d\uff0c\u5e76\u9884\u544a M3.1 \u5c06\u7ee7\u7eed\u964d\u4f4e\u63a8\u7406\u6210\u672c\u3002\u7ba1\u7406\u5c42\u63d0\u5230\uff0c\u76ee\u6807\u662f\u5c06\u63a8\u7406\u6210\u672c\u964d\u81f3 M3 \u521d\u671f\u6c34\u5e73\u7684\u5927\u7ea6\u4e09\u5206\u4e4b\u4e00\u3002\u8fd9\u4e2a\u76ee\u6807\u5f88\u5bb9\u6613\u88ab\u7406\u89e3\u4e3a\u4e00\u573a\u4ef7\u683c\u6218\uff0c\u4f46 MiniMax \u66f4\u5173\u5fc3\u7684\uff0c\u662f\u6210\u672c\u4e0b\u964d\u540e\u80fd\u5426\u5e26\u52a8\u66f4\u5927\u7684 Token \u6d88\u8017\u3001\u66f4\u591a\u7684\u5f00\u53d1\u8005\u548c\u66f4\u5bbd\u7684\u5546\u4e1a\u5316\u8986\u76d6\u9762\u3002<\/p>\n<p>\u5b83\u7684\u8d22\u62a5\u540c\u6837\u63d0\u9192\u5e02\u573a\uff0c\u589e\u957f\u79bb\u76c8\u5229\u8fd8\u6709\u8ddd\u79bb\u3002\u4e0a\u534a\u5e74 MiniMax \u7684\u7814\u53d1\u5f00\u652f\u4e3a 2.97 \u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f 138.8%\uff1b\u671f\u5185\u4e8f\u635f\u4e3a 3.58 \u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u6536\u7a84\u7ea6 11%\uff0c\u4f46\u7ecf\u8c03\u6574\u51c0\u4e8f\u635f 2.93 \u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u6269\u5927 111.2%\u3002\u671f\u5185\u4e8f\u635f\u770b\u4e0a\u53bb\u6539\u5584\uff0c\u540c\u6837\u53d7\u4e0a\u5e02\u540e\u4f18\u5148\u80a1\u76f8\u5173\u91d1\u878d\u8d1f\u503a\u53d8\u52a8\u51cf\u5c11\u5f71\u54cd\uff1a\u8be5\u9879\u516c\u5141\u4ef7\u503c\u635f\u5931\u4ece\u53bb\u5e74\u540c\u671f\u7684 2.54 \u4ebf\u7f8e\u5143\u964d\u81f3 3100 \u4e07\u7f8e\u5143\u3002<\/p>\n<p>MiniMax \u7684\u6bdb\u5229\u7387\u786e\u5b9e\u5728\u6539\u5584\uff0c\u6536\u5165\u4e5f\u5728\u5411\u4f01\u4e1a\u548c\u6d77\u5916\u503e\u659c\uff1b\u4f46\u516c\u53f8\u8fd8\u5728\u4e3a\u6a21\u578b\u8bad\u7ec3\u3001\u591a\u6a21\u6001\u4ea7\u54c1\u548c\u5168\u7403\u5316\u6e20\u9053\u652f\u4ed8\u9ad8\u6602\u6210\u672c\u3002\u5b83\u6240\u62bc\u6ce8\u7684\u5e76\u975e\u7acb\u523b\u63d0\u9ad8\u5355\u6b21\u8c03\u7528\u7684\u4ef7\u683c\uff0c\u800c\u662f\u5148\u628a\u6bcf\u4e00\u5355\u4f4d\u667a\u80fd\u505a\u5f97\u66f4\u6709\u6548\u7387\uff0c\u8ba9\u66f4\u591a\u4eba\u7528\u5f97\u8d77\u3001\u7528\u5f97\u66f4\u591a\u3002<\/p>\n<p>\u628a\u4e24\u4efd\u8d22\u62a5\u653e\u5728\u4e00\u8d77\u770b\uff0c\u667a\u8c31\u548c MiniMax \u90fd\u5728\u8bc1\u660e\u540c\u4e00\u4ef6\u4e8b\uff1a\u6a21\u578b\u80fd\u529b\u53ef\u4ee5\u8f6c\u5316\u6210\u6536\u5165\uff0cToken \u6d88\u8017\u6b63\u5728\u6210\u4e3a\u53ef\u8ffd\u8e2a\u7684\u7ecf\u8425\u6307\u6807\u3002\u4e24\u5bb6\u516c\u53f8\u7684\u5dee\u522b\uff0c\u66f4\u591a\u4f53\u73b0\u5728\u5546\u4e1a\u5316\u7684\u987a\u5e8f\u4e0a\u3002<\/p>\n<p>\u667a\u8c31\u5728\u63a8\u52a8\u6536\u8d39\u5355\u4f4d\u5411\u4e0a\u79fb\u52a8\u3002\u8fc7\u53bb\u5ba2\u6237\u8d2d\u4e70\u4e00\u5957\u90e8\u7f72\u5728\u672c\u5730\u7684\u6a21\u578b\uff0c\u73b0\u5728\u6309\u8c03\u7528\u91cf\u4ed8\u8d39\uff0c\u63a5\u4e0b\u6765\u8ba2\u9605\u5f00\u59cb\u6210\u4e3a\u65b0\u7684\u4ea4\u6613\u65b9\u5f0f\u3002\u5b83\u60f3\u7ee7\u7eed\u5411 Co-work \u63a8\u8fdb\uff0c\u8ba9\u6a21\u578b\u8fdb\u5165\u8f6f\u4ef6\u5de5\u7a0b\u3001\u7f51\u7edc\u5b89\u5168\u548c\u4e13\u4e1a\u77e5\u8bc6\u5de5\u4f5c\uff0c\u6700\u7ec8\u6309\u4e00\u9879\u4efb\u52a1\u3001\u4e00\u6bb5\u6d41\u7a0b\u6216\u4e00\u4efd\u53ef\u4ee5\u9a8c\u6536\u7684\u7ed3\u679c\u6536\u8d39\u3002\u8fd9\u6761\u8def\u7684\u524d\u63d0\uff0c\u662f\u6a21\u578b\u6bcf\u8de8\u8fc7\u4e00\u9053\u80fd\u529b\u95e8\u69db\uff0c\u5c31\u80fd\u5904\u7406\u66f4\u9ad8\u4ef7\u503c\u7684\u4efb\u52a1\u2014\u2014\u5b9a\u4ef7\u7531\u6b64\u9010\u6e10\u8131\u79bb Token \u6570\u91cf\uff0c\u9760\u8fd1\u6a21\u578b\u5b9e\u9645\u5b8c\u6210\u7684\u5de5\u4f5c\u3002<\/p>\n<p>MiniMax \u5219\u66f4\u5173\u5fc3\u667a\u80fd\u8986\u76d6\u9762\u7684\u6269\u5f20\u3002\u5b83\u9009\u62e9\u901a\u8fc7\u67b6\u6784\u548c\u6548\u7387\u4f18\u5316\u538b\u4f4e\u5355\u4f4d\u667a\u80fd\u6210\u672c\uff0c\u501f\u52a9\u6587\u672c\u3001\u89c6\u9891\u3001\u97f3\u9891\u7684\u591a\u6a21\u6001\u80fd\u529b\uff0c\u628a AI \u9001\u8fdb\u66f4\u591a\u5f00\u53d1\u8005\u3001\u4f01\u4e1a\u548c\u5185\u5bb9\u573a\u666f\u2014\u2014\u4ef7\u683c\u4e0b\u964d\u5e26\u6765\u66f4\u5927\u8c03\u7528\u91cf\uff0c\u66f4\u5927\u8c03\u7528\u91cf\u53cd\u54fa\u6210\u672c\u4f18\u5316\uff0c\u6d77\u5916\u516d\u6210\u6536\u5165\u5219\u7ed9\u8fd9\u6761\u89c4\u6a21\u903b\u8f91\u63d0\u4f9b\u4e86\u8db3\u591f\u5927\u7684\u5e02\u573a\u534a\u5f84\u3002<\/p>\n<p>\u4e24\u6761\u8def\u6700\u7ec8\u4f1a\u5728\u540c\u4e00\u4e2a\u4f4d\u7f6e\u76f8\u9047\uff1a\u667a\u8c31\u8981\u8ba9\u4f01\u4e1a\u613f\u610f\u6309\u7ed3\u679c\u4ed8\u8d39\uff0c\u9700\u8981\u628a\u5b8c\u6210\u4efb\u52a1\u7684\u6210\u672c\u964d\u5230\u53ef\u4ee5\u89c4\u6a21\u4f7f\u7528\uff1bMiniMax \u8981\u8ba9\u4f4e\u6210\u672c\u667a\u80fd\u4ea7\u751f\u66f4\u9ad8\u4ef7\u503c\uff0c\u4e5f\u9700\u8981\u6a21\u578b\u7a33\u5b9a\u5b8c\u6210\u590d\u6742\u4efb\u52a1\u3002\u80fd\u529b\u51b3\u5b9a AI \u53ef\u4ee5\u8fdb\u5165\u591a\u6df1\u7684\u5de5\u4f5c\uff0c\u6210\u672c\u51b3\u5b9a\u8fd9\u79cd\u80fd\u529b\u53ef\u4ee5\u8986\u76d6\u591a\u5c11\u4eba\u3002\u4e24\u8005\u7f3a\u4e00\u4e0d\u53ef\u3002<\/p>\n<p>\u4e0b\u4e00\u4efd\u8d22\u62a5\u9700\u8981\u56de\u7b54\u7684\u95ee\u9898\u56e0\u6b64\u66f4\u52a0\u5177\u4f53\uff1a\u667a\u8c31\u7684 Co-work\uff0c\u4ec0\u4e48\u65f6\u5019\u80fd\u591f\u6210\u4e3a\u4e00\u9879\u6709\u89c4\u6a21\u7684\u6536\u5165\uff1bMiniMax \u4e0b\u964d\u7684\u5355\u4f4d\u667a\u80fd\u6210\u672c\uff0c\u80fd\u5426\u6301\u7eed\u6362\u56de\u66f4\u591a\u6d77\u5916\u5ba2\u6237\u548c\u66f4\u5065\u5eb7\u7684\u6bdb\u5229\u7387\u3002<\/p>\n<p>\u4e00\u5bb6\u516c\u53f8\u628a AI \u63a8\u5411\u66f4\u6df1\u7684\u5de5\u4f5c\uff0c\u4e00\u5bb6\u516c\u53f8\u628a AI \u9001\u5f80\u66f4\u5e7f\u7684\u5e02\u573a\u3002\u7b49\u5230\u6a21\u578b\u65e2\u80fd\u628a\u4e8b\u60c5\u529e\u5b8c\uff0c\u53c8\u4fbf\u5b9c\u5230\u53ef\u4ee5\u88ab\u5927\u89c4\u6a21\u4f7f\u7528\uff0c\u5927\u6a21\u578b\u624d\u771f\u6b63\u8d70\u8fc7\u5546\u4e1a\u5316\u6700\u96be\u7684\u90a3\u9053\u95e8\u69db\u3002<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 \u5934\u56fe\u6765\u6e90\uff1a\u89c6\u89c9\u4e2d\u56fd \u4e24\u5bb6\u4e2d&#8230;<\/p>\n","protected":false},"author":1,"featured_media":14743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/nxhdyxdsj.com\/index.php?rest_route=\/wp\/v2\/posts\/14742"}],"collection":[{"href":"https:\/\/nxhdyxdsj.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nxhdyxdsj.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nxhdyxdsj.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nxhdyxdsj.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14742"}],"version-history":[{"count":0,"href":"https:\/\/nxhdyxdsj.com\/index.php?rest_route=\/wp\/v2\/posts\/14742\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nxhdyxdsj.com\/index.php?rest_route=\/wp\/v2\/media\/14743"}],"wp:attachment":[{"href":"https:\/\/nxhdyxdsj.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nxhdyxdsj.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nxhdyxdsj.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}