Staffed by elite AI scientists from Tsinghua University, Zhipu has pursued state-of-the-art models while building bespoke AI solutions for government-linked clients. MiniMax focused early on global products ranging from AI companions to video-editing tools.
For 2024, Zhipu and MiniMax generated 312.4 million yuan and 214.75 million yuan in revenue respectively. Those figures are a fraction of OpenAI’s estimated US$13 billion in annualised revenue and Anthropic’s projected US$9 billion this year, although Zhipu and MiniMax’s valuations are also far more modest at roughly US$4 billion each.
Here are a few charts summarising their key financial information.
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