{"id":7543,"date":"2026-09-01T21:00:43","date_gmt":"2026-09-01T13:00:43","guid":{"rendered":"https:\/\/1ow.top\/index.php\/2026\/09\/01\/minimax-arr%e6%9a%b4%e6%b6%a8500%ef%bc%8ctoken%e6%9a%b4%e6%b6%a82000%ef%bc%81%e8%bf%99%e5%b0%b1%e6%98%afagent%e7%ba%a2%e5%88%a9%e5%90%a7\/"},"modified":"2026-09-01T21:00:43","modified_gmt":"2026-09-01T13:00:43","slug":"minimax-arr%e6%9a%b4%e6%b6%a8500%ef%bc%8ctoken%e6%9a%b4%e6%b6%a82000%ef%bc%81%e8%bf%99%e5%b0%b1%e6%98%afagent%e7%ba%a2%e5%88%a9%e5%90%a7","status":"publish","type":"post","link":"https:\/\/1ow.top\/index.php\/2026\/09\/01\/minimax-arr%e6%9a%b4%e6%b6%a8500%ef%bc%8ctoken%e6%9a%b4%e6%b6%a82000%ef%bc%81%e8%bf%99%e5%b0%b1%e6%98%afagent%e7%ba%a2%e5%88%a9%e5%90%a7\/","title":{"rendered":"MiniMax ARR\u66b4\u6da8500%\uff0ctoken\u66b4\u6da82000%\uff01\u8fd9\u5c31\u662fAgent\u7ea2\u5229\u5427"},"content":{"rendered":"
\"MiniMax<\/div><\/figure>\n
\"MiniMax<\/div><\/figure>\n
\"MiniMax<\/div><\/figure>\n
\"MiniMax<\/div><\/figure>\n

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MiniMax\u6700\u65b0\u6570\u636e\u62ab\u9732\uff0c\u4eca\u5e748\u6708\u622a\u81f3\u76ee\u524d\uff0c\u516c\u53f8ARR\uff08\u5e74\u5ea6\u7ecf\u5e38\u6027\u6536\u5165\uff09\u5df2\u7ecf\u8d85\u8fc78\u4ebf\u7f8e\u5143\u3002\u800c\u4eca\u5e742\u6708MiniMax\u62ab\u9732\u7684ARR\u8fd8\u53ea\u67091.5\u4ebf\u7f8e\u5143\u3002<\/p>\n

\u5bf9\u5e94\u8d22\u62a5\u6570\u636e\uff0c\u8fd9\u79cd\u589e\u957f\u5df2\u7ecf\u5f00\u59cb\u5370\u8bc1\u5230\u771f\u5b9e\u6536\u5165\u6c34\u5e73\u4e0a\uff1a<\/p>\n

2026\u5e74\u4e0a\u534a\u5e74\uff0cMiniMax\u6536\u51651.166\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f283.1%\uff1b\u534a\u5e74\u6536\u5165\u5df2\u7ecf\u8d85\u8fc72025\u5168\u5e747904\u4e07\u7f8e\u5143\uff1bQ2\u6536\u5165\u8f83Q1\u73af\u6bd4\u589e\u957f\u8d85\u8fc780%\u3002<\/p>\n

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\u4eca\u5e74\u4e0a\u534a\u5e74\uff0cMiniMax\u7684B\u7aef\u6536\u5165\u5360\u6bd4\u8fbe\u523063.4%\uff0c\u52308\u6708\u8fdb\u4e00\u6b65\u5347\u81f380%\uff1b\u4f5c\u4e3a\u5bf9\u6bd4\uff0c2025\u5e74MiniMax\u7684B\u7aef\u6536\u5165\u5360\u6bd4\u5927\u7ea6\u4ec5\u6709\u4e09\u6210\u3002<\/p>\n

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2026\u5e74\u4e0a\u534a\u5e74\uff0cMiniMax\u5f00\u653e\u5e73\u53f0\u53ca\u5176\u4ed6AI\u4f01\u4e1a\u670d\u52a1\u6536\u5165\u4e3a7393\u4e07\u7f8e\u5143\uff0c\u540c\u6bd4\u72c2\u98d9703.1%\uff1b\u4e14\u8fd9\u90e8\u5206\u6536\u5165\u5728\u603b\u6536\u5165\u4e2d\u7684\u5360\u6bd4\uff0c\u4e5f\u4ece2025\u5168\u5e74\u768432.8%\uff0c\u63d0\u9ad8\u5230\u4eca\u5e74\u4e0a\u534a\u5e74\u768463.4%\u3002<\/p>\n

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2026\u5e74\u4e0a\u534a\u5e74\uff0cMiniMax AI\u539f\u751f\u4ea7\u54c1\u6536\u5165\u4ecd\u8fbe\u5230\u7ea64264\u4e07\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f100.9%\u3002<\/p>\n

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\u636eMiniMax CEO\u95eb\u4fca\u6770\u5728\u7535\u8bdd\u4f1a\u4e2d\u900f\u9732\uff0c\u4eca\u5e742\u6708\uff0cMiniMax\u62ab\u9732\u7684ARR\u4e3a1.5\u4ebf\u7f8e\u5143\uff1b\u5230\u4e868\u6708\uff0c\u8fd9\u4e00\u6570\u5b57\u5df2\u7ecf\u8d85\u8fc78\u4ebf\u7f8e\u5143\uff0c\u534a\u5e74\u65f6\u95f4\u6269\u5927\u81f3\u7ea65.3\u500d\u3002<\/p>\n

MiniMax\u7684\u6536\u5165\u7ed3\u6784\u4e5f\u5df2\u7ecf\u53d1\u751f\u4e86\u53d8\u5316\uff1a<\/p>\n

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\u589e\u957f\u7684\u53e6\u4e00\u5934\uff0c\u662f\u5355\u4e2a\u7528\u6237\u7684\u4f7f\u7528\u7a0b\u5ea6\u53d8\u5f97\u66f4\u91cd\u4e86\u3002<\/p>\n

\u4ee5\u524d\u662f\u4eba\u8ddfAI\u804a\u5929\uff0c\u73b0\u5728\u8d8a\u6765\u8d8a\u591a\u662fAgent\u5728\u8ddfAI\u6253\u4ea4\u9053\uff0c\u6d88\u8017\u7684Token\u5b8c\u5168\u4e0d\u662f\u4e00\u4e2a\u91cf\u7ea7\u3002<\/p>\n

\u8fd9\u4e5f\u89e3\u91ca\u4e86\u4e3a\u4ec0\u4e48\u7531Agent\u9a71\u52a8\u7684\u63a8\u7406\u9700\u6c42\u589e\u957f\uff0c\u663e\u8457\u5feb\u4e8e\u4eba\u7c7b\u7528\u6237\u6570\u548c\u6d88\u606f\u6570\u7684\u589e\u957f\u3002<\/p>\n

\u5230\u4e867\u6708\uff0c\u89c6\u9891\u751f\u6210\u6a21\u578bH3\u7684\u5f00\u6e90\uff0c\u53c8\u7ed9MiniMax\u7684\u7089\u7076\u6dfb\u4e0a\u4e86\u4e00\u628a\u706b\u3002<\/p>\n

H3\u5f00\u6e90\u540e\uff0c\u4e09\u5468\u4e4b\u5185\u5c31\u83b7\u5f97\u4e86\u8d852400\u4e07\u6b21\u4e0b\u8f7d\uff0c\u5f00\u6e90\u793e\u533a\u57fa\u4e8e\u5b83\u505a\u51fa\u4e86300\u591a\u4e2a\u884d\u751f\u6a21\u578b\uff0c\u8d85\u8fc7\u4e86\u5e02\u573a\u9884\u671f\u3002<\/p>\n

MiniMax\u5728\u7535\u8bdd\u4f1a\u4e0a\u8868\u793a\uff0cH3\u7684\u8868\u73b0\uff0c\u6539\u53d8\u4e86\u5148\u8fdb\u6a21\u578b\u90fd\u5c5e\u4e8e\u5927\u5382\u4e14\u8d70\u5c01\u95ed\u8def\u7ebf\u7684\u683c\u5c40\u3002<\/p>\n

\u5f00\u6e90\u6a21\u578b\u8ba9\u5927\u91cf\u5f00\u53d1\u8005\u901a\u8fc7\u5f00\u6e90\u6a21\u578b\u719f\u6089\u4e86MiniMax\u7684\u6280\u672f\u4f53\u7cfb\uff0c\u4e5f\u5728\u9700\u8981\u4e91\u7aef\u670d\u52a1\u65f6\u8f6c\u5411\u4e86API\u4ed8\u8d39\u8c03\u7528\uff0c\u5e26\u6765\u4e86\u5b98\u65b9\u7ebf\u4e0a\u670d\u52a1\u7684\u4f7f\u7528\u91cf\u7684\u8fdb\u4e00\u6b65\u7206\u53d1\u3002<\/p>\n

\u9700\u6c42\u6da8\u6210\u8fd9\u6837\uff0cMiniMax\u7684\u6a21\u578b\u8ddf\u4e0a\u4e86\u5417\uff1f<\/p>\n

\u8981\u77e5\u9053\uff0c Agent\u5de5\u4f5c\u6d41\u8ddf\u4ee5\u524d\u804a\u5929\u4e0d\u4e00\u6837\uff0c\u6bcf\u4e00\u6b65\u90fd\u8981\u6c42\u6a21\u578b\u8db3\u591f\u51c6\uff0c\u9519\u4e00\u6b65\u5c31\u53ef\u80fd\u8ba9\u6574\u4e2a\u94fe\u6761\u529f\u4e8f\u4e00\u7bd1\u3002<\/p>\n

\u5e78\u8fd0\u7684\u662f\uff0cMiniMax\u57286\u6708\u53d1\u5e03\u7684M3\uff0c\u5c31\u662f\u4e00\u4e2a\u6a21\u578b\u80fd\u529b\u201c\u8ddf\u4e0a\u4e86\u201d\u7684\u4ee3\u8868\u3002<\/p>\n

\u5b83\u6587\u80fd\u67e5\u9605\u8d44\u6599\uff0c\u6b66\u80fd\u64cd\u4f5c\u754c\u9762\uff0c\u80fd\u6587\u80fd\u6b66\uff0c\u5f00\u53d1\u8005\u624d\u6562\u5728\u771f\u5b9e\u4e1a\u52a1\u573a\u666f\u4e2d\u63a5\u5165\u3002<\/p>\n

\u4f46\u4e00\u8fb9\u662f\u6a21\u578b\u8d8a\u6765\u8d8a\u806a\u660e\uff0c\u4e00\u8fb9\u662fToken\u6d88\u8017\u8d8a\u6765\u8d8a\u591a\uff0c\u4e24\u65b9\u9762\u90fd\u5728\u7ed9\u8ba1\u7b97\u8bbe\u65bd\u4e0a\u96be\u5ea6\u3002<\/p>\n

\u4e8e\u662f\u95ee\u9898\u6765\u4e86\u2014\u2014<\/p>\n

\u8fd9\u4e48\u5f3a\u7684\u667a\u80fd\uff0c\u80fd\u4e0d\u80fd\u4ee5\u8db3\u591f\u4f4e\u7684\u6210\u672c\u6301\u7eed\u4f9b\u7ed9\uff1f<\/p>\n

MiniMax\u5f53\u4e0b\u6700\u5f3a\u7684M3\u6a21\u578b\uff0c\u6bcf\u767e\u4e07Token\u7684\u4ef7\u683c\u4ec51.2\u7f8e\u5143\uff0c\u6bd4\u540c\u7ea7\u6a21\u578b\u7684\u4e2d\u4f4d\u6570\uff082.2\u7f8e\u5143\uff09\u4f4e\u4e86\u4e00\u5927\u622a\u3002<\/p>\n

\u8fd9\u4e48\u4f4e\u7684\u4ef7\u683c\u600e\u4e48\u625b\u5f97\u4f4f\uff1f<\/p>\n

\u6709\u4eba\u4f1a\u89c9\u5f97\u662f\u5546\u4e1a\u7b56\u7565\uff0c\u4f46MiniMax\u5b9a\u8fd9\u4e2a\u4ef7\u683c\u7684\u7406\u7531\uff0c\u5176\u5b9e\u5f02\u5e38\u7b80\u5355\u2014\u2014\u56e0\u4e3a\u63a8\u7406\u8fd9\u4e00\u73af\u7684\u7b97\u529b\u5f00\u9500\uff0c\u771f\u7684\u6ca1\u6709\u60f3\u8c61\u90a3\u4e48\u9ad8\u3002<\/p>\n

\u4e0d\u8fc7\uff0c\u8fd9\u79cd\u5b9a\u4ef7\u7b56\u7565\uff0c\u4e5f\u7ed9MiniMax\u5e26\u6765\u4e86\u4e00\u4e2a\u523b\u677f\u5370\u8c61\u2014\u2014\u91cf\u5927\u7ba1\u9971\u3002<\/p>\n

\u8fd9\u770b\u4e0a\u53bb\u4e0d\u662f\u4ec0\u4e48\u574f\u8bdd\uff0c\u4f46\u540e\u9762\u5f80\u5f80\u8fd8\u8ddf\u7740\u53e6\u4e00\u53e5\uff0c\u4e5f\u5c31\u662f\u201c\u667a\u80fd\u6c34\u5e73\u5dee\u4e00\u622a\u201d\u3002<\/p>\n

\u8fd9\u6b21\u7535\u8bdd\u4f1a\u4e0a\uff0cMiniMax\u56de\u5e94\u4e86\u8fd9\u4e2a\u95ee\u9898\u3002<\/p>\n

\u8fd9\u4e2a\u523b\u677f\u5370\u8c61\uff0c\u5f88\u5927\u7a0b\u5ea6\u4e0a\u6765\u6e90\u4e8e\u4eba\u4eec\u7684\u8ba4\u77e5\u9519\u4f4d\uff0c\u5f88\u591a\u4eba\u8ba4\u4e3a\uff0c\u9ad8\u667a\u80fd\u548c\u9ad8\u6027\u4ef7\u6bd4\u4e4b\u95f4\uff0c\u53ea\u80fd\u4e8c\u9009\u4e00\u3002<\/p>\n

\u4f46\u5728MiniMax\u770b\u6765\uff0c\u4e24\u8005\u5e76\u4e0d\u662f\u4e92\u65a5\u5173\u7cfb\uff0c\u4ed6\u4eec\u8ffd\u6c42\u7684\uff0c\u4e0d\u662f\u5728\u667a\u80fd\u4e0e\u6210\u672c\u4e4b\u95f4\u505a\u53d6\u820d\u3002<\/p>\n

\u5728MiniMax\u7684\u8ba4\u77e5\u5f53\u4e2d\uff0c\u6027\u4ef7\u6bd4\u662f\u624b\u6bb5\u3001\u662f\u8def\u5f84\uff0c\u4e0d\u662f\u76ee\u7684\u3001\u4e0d\u662f\u7ec8\u70b9\uff0c\u4ed6\u4eec\u6700\u7ec8\u8981\u5b9e\u73b0\u7684\uff0c\u662f\u66f4\u9ad8\u6c34\u5e73\u7684\u667a\u80fd\u3002<\/p>\n

\u964d\u4f4e\u5355\u4f4d\u667a\u80fd\u6210\u672c\uff0c\u5546\u4e1a\u548c\u6280\u672f\u4e24\u5934\u90fd\u5728\u53d7\u76ca\u3002<\/p>\n

\u5546\u4e1a\u4e0a\uff0c\u5ba2\u6237\u7528\u540c\u6837\u7684\u9884\u7b97\uff0c\u80fd\u8dd1\u8d77\u66f4\u591a\u8c03\u7528\u548c\u66f4\u590d\u6742\u7684\u5de5\u4f5c\u6d41\uff0c\u4ed6\u4eec\u624d\u4f1a\u613f\u610f\u628a\u6a21\u578b\u585e\u8fdb\u751f\u4ea7\u73af\u8282\u3002<\/p>\n

\u6280\u672f\u4e0a\uff0c\u540c\u6837\u7b97\u529b\u80fd\u8dd1\u66f4\u591a\u540e\u8bad\u7ec3\u548c\u5b9e\u9a8c\uff0c\u6a21\u578b\u8fed\u4ee3\u624d\u80fd\u52a0\u901f\u3002<\/p>\n

\u4e24\u4ef6\u4e8b\u4e92\u76f8\u54ac\u5408\u3001\u4e92\u4e3a\u4fc3\u8fdb\uff0c\u6a21\u578b\u8d8a\u5f3a\uff0c\u7528\u91cf\u4e5f\u5c31\u66f4\u5927\uff0c\u6536\u5165\u66f4\u591a\u3002<\/p>\n

\u6536\u5165\u591a\u4e86\uff0cMiniMax\u5c31\u80fd\u6295\u5165\u66f4\u591a\u7b97\u529b\uff0c\u8ba9\u63a8\u7406\u6548\u7387\u7ee7\u7eed\u5f97\u5230\u4f18\u5316\uff0c\u8ba9\u6a21\u578b\u7ee7\u7eed\u53d8\u5f3a\uff0c\u5f00\u542f\u4e0b\u4e00\u8f6e\u7684\u6b63\u5411\u5faa\u73af\u3002<\/p>\n

\u5f53\u7136\uff0c\u8fd9\u5957\u5faa\u73af\u8fd8\u5f97\u9760\u57fa\u7840\u8bbe\u65bd\u6491\u4f4f\uff0c\u5426\u5219\u5c31\u662f\u65e0\u7a3d\u4e4b\u8c08\u3002<\/p>\n

MiniMax\u662f\u56fd\u5185\u6700\u65e9\u4e00\u6279\u5efa\u7acb\u89c4\u6a21\u5316\u57fa\u7840\u8bbe\u65bd\u4f53\u7cfb\u7684\u72ec\u7acb\u5927\u6a21\u578b\u516c\u53f8\u4e4b\u4e00\uff0cETTR\uff08Effective Training Time Ratio\uff0c\u6709\u6548\u8bad\u7ec3\u65f6\u95f4\u6bd4\u4f8b\uff09\u8fbe\u523097%\u3002<\/p>\n

\u5e76\u4e14\u6709\u4e86\u81ea\u5efa\u7b97\u529b\uff0c\u8bad\u7ec3\u548c\u63a8\u7406\u7684\u8d44\u6e90\u53ef\u4ee5\u6df7\u5408\u8c03\u5ea6\uff0c\u7ebf\u4e0a\u63a8\u7406\u6d41\u91cf\u4f4e\u8c37\u7684\u65f6\u5019\uff0c\u7a7a\u51fa\u6765\u7684\u7b97\u529b\u76f4\u63a5\u62ff\u53bb\u8dd1\u5f3a\u5316\u5b66\u4e60\u8bad\u7ec3\u3002<\/p>\n

\u81ea\u5df1\u5efa\u7684\u96c6\u7fa4\uff0c\u8ba9\u8bad\u7ec3\u8dd1\u5f97\u7a33\u3001\u63a8\u7406\u6210\u672c\u538b\u5f97\u4f4f\uff0c\u7701\u4e0b\u6765\u7684\u7b97\u529b\u8fd8\u80fd\u5582\u56de\u540e\u8bad\u7ec3\u3002<\/p>\n

\u7531\u6b64\u6765\u770b\uff0c\u6a21\u578b\u80fd\u529b\u3001\u63a8\u7406\u6548\u7387\u548c\u57fa\u7840\u8bbe\u65bd\uff0c\u8fd9\u4e09\u8005\u7684\u5173\u7cfb\u5df2\u7ecf\u8d8a\u6765\u8d8a\u96be\u88ab\u62c6\u5f00\u8ba8\u8bba\u3002<\/p>\n

\u6a21\u578b\u67b6\u6784\u51b3\u5b9a\u667a\u80fd\u80fd\u591f\u8fbe\u5230\u7684\u4e0a\u9650\uff0c\u63a8\u7406\u548c\u7cfb\u7edf\u4f18\u5316\u51b3\u5b9a\u6bcf\u4e00\u5355\u4f4d\u7b97\u529b\u53ef\u4ee5\u4ea7\u51fa\u591a\u5c11\u6709\u6548\u667a\u80fd\uff0c\u57fa\u7840\u8bbe\u65bd\u5219\u51b3\u5b9a\u5982\u6b64\u5927\u89c4\u6a21\u7684\u8bad\u7ec3\u548c\u63a8\u7406\u80fd\u5426\u957f\u671f\u3001\u7a33\u5b9a\u8fd0\u884c\u3002<\/p>\n

\u8fd9\u4e5f\u662f\u4e3a\u4ec0\u4e48\u968f\u7740\u5927\u6a21\u578b\u9010\u6e10\u8fdb\u5165Agent\u548c\u771f\u5b9e\u751f\u4ea7\u73af\u5883\uff0c\u884c\u4e1a\u8bc4\u4ef7\u6a21\u578b\u7684\u7ef4\u5ea6\u6b63\u5728\u7ee7\u7eed\u589e\u52a0\u3002<\/p>\n

\u53c2\u6570\u89c4\u6a21\u548cBenchmark\u4ecd\u7136\u91cd\u8981\uff0c\u4f46\u968f\u7740\u6a21\u578b\u80fd\u529b\u9010\u6e10\u8f6c\u5316\u6210\u6301\u7eed\u8fd0\u884c\u7684\u5de5\u4f5c\u8d1f\u8f7d\uff0c\u5355\u4f4d\u6210\u672c\u80fd\u591f\u4ea7\u751f\u591a\u5c11\u667a\u80fd\u3001\u5355\u4f4d\u7b97\u529b\u80fd\u591f\u5904\u7406\u591a\u5c11Token\uff0c\u4ee5\u53ca\u5927\u89c4\u6a21\u8bad\u7ec3\u548c\u63a8\u7406\u80fd\u5426\u4fdd\u6301\u7a33\u5b9a\uff0c\u5f00\u59cb\u6210\u4e3a\u53e6\u4e00\u7ec4\u8d8a\u6765\u8d8a\u96be\u5ffd\u89c6\u7684\u6307\u6807\u3002<\/p>\n

MiniMax\u5728\u7535\u8bdd\u4f1a\u4e0a\u7ed9\u51fa\u7684\u5224\u65ad\u4e5f\u662f\u5982\u6b64\uff0c\u4e0b\u4e00\u9636\u6bb5\u7ade\u4e89\u7684\u91cd\u70b9\uff0c\u4f1a\u8d8a\u6765\u8d8a\u843d\u5230\u80fd\u5426\u9009\u62e9\u6709\u6548\u7684\u6280\u672f\u8def\u5f84\uff0c\u4ee5\u53ca\u6301\u7eed\u63d0\u9ad8\u628a\u7b97\u529b\u8f6c\u5316\u4e3a\u667a\u80fd\u7684\u6548\u7387\u3002<\/p>\n

\u81f3\u4e8e\u4e0b\u4e00\u9636\u6bb5Scaling\u7ee7\u7eed\u5f80\u54ea\u91cc\u8d70\uff0cMiniMax\u7684\u5224\u65ad\u5df2\u7ecf\u5199\u660e\uff1a<\/p>\n

Minimize the Inference Cost, Maximize the Intelligence.<\/p>\n

\n

\u7248\u6743\u58f0\u660e\uff1a<\/strong><\/p>\n

\u672c\u535a\u5ba2\u90e8\u5206\u5185\u5bb9\u4e3a\u8f6c\u8f7d\u6587\u7ae0\uff0c\u65e8\u5728\u5206\u4eab\u6709\u4ef7\u503c\u7684\u4fe1\u606f\uff0c\u7248\u6743\u5f52\u539f\u4f5c\u8005\u6240\u6709\u3002<\/p>\n

\u8f6c\u8f7d\u4ec5\u4e3a\u4e2a\u4eba\u5b66\u4e60\u4e0e\u4ea4\u6d41\u76ee\u7684\uff0c\u4e0d\u5bf9\u6587\u7ae0\u89c2\u70b9\u8d1f\u8d23\uff0c\u4ea6\u4e0d\u7528\u4e8e\u4efb\u4f55\u5546\u4e1a\u7528\u9014\u3002<\/p>\n

\u5982\u6d89\u53ca\u7248\u6743\u95ee\u9898\uff0c\u8bf7\u8054\u7cfb\u672c\u4eba\u5220\u9664\u3002<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

\u597d\u80fd\u589e\u957f\uff0c\u597d\u80fd\u5546\u4e1a\u5316\u554a\uff01<\/p>\n

\u8fd9\u8fd8\u662f\u6211\u8ba4\u8bc6\u7684MiniMax\u5417\uff1f<\/p>\n

\u597d\u80fd\u589e\u957f\uff0c\u597d\u80fd\u5546\u4e1a\u5316\u554a\uff01<\/p>\n

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