What the hell is this 'sota'? Pretraining towards benchmarks, user reviews are a mess. The main revenue source is a Character AI-like product, while everything else is losing money. Even with OpenRouter subsidies, no one uses it. The market really doesn't follow logic. The valuation has already crushed Seed Doubao's virtual shares several times over🙄. $MINIMAX-W(00100.HK) $KNOWLEDGE ATLAS(02513.HK) PS 500, it's ten times that of GPT Claude, are you kidding me?😨 Might as well take a shot at getting into the Stock Connect and listing on the A-share market.
Morgan Stanley evaluates MiniMax as "a globally top-tier foundational model scarce asset," with the core logic of high valuation being "technology determines the ceiling, globalization determines valuation."
If the MiniMax model's performance continues to enter the global top tier, its ceiling comes from the global Total Addressable Market (TAM); if the revenue structure is primarily overseas, the valuation anchor will naturally align with international comparable companies, benchmarking against non-traditional Chinese software companies
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