July 3 — Goldman Sachs maintains Buy on MiniMax Group, PT HK
文 / 小金
2026-07-04 13:30:03
来源:亚金网
July 3 — Goldman Sachs maintains Buy on MiniMax Group, PT HK$860. GS says MiniMax’s M3 model is priced at parity with M2.7; training and inference architecture upgrades lift inference efficiency by more than 2x, sufficient to offset cost increases from a doubling of model parameters. DeepSeek plans a V4 launch in mid‑July and has rolled out time‑of‑day pricing, with peak‑period calls charged at 2x off‑peak; GS views DeepSeek’s price increase as indirect validation of M3’s value proposition. Larger M3 variants and an upcoming H3 video model are flagged as near‑term catalysts.
