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MiniMax, Z.ai revenues surge on API demand but adjusted losses widen

What happened

MiniMax and Z.ai reported revenue surges driven by API demand, despite widening adjusted losses. This signals robust demand for AI infrastructure but highlights profitability hurdles for AI model developers. Bullish for AI chip demand.

Impact and signal

Medium impactImpact score: 60/100

Affected components and suppliers

AI AcceleratorsHigh-Performance Computing Chips
MiniMaxZ.ai
revenue-growthAI-demandfinancials

Source and time

Source: DigiTimes Asia · 9/2/2026 · View original source

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