Kimi和Minimax，争夺“下一个DeepSeek”心智

Core Insights - The emergence of DeepSeek has significantly altered the landscape of China's large model industry, shifting the focus from the previous "six small dragons" to the current "five major models" [1] - Kimi and Minimax have recently made notable advancements, with Kimi launching the Kimi-Researcher model and Minimax introducing the Minimax-M1 inference model, both aiming to establish their presence in the competitive landscape [3][7] Group 1: Kimi's Developments - Kimi is focusing on agent technology, particularly in deep research, targeting sectors like finance and academia, which allows it to differentiate from larger companies that focus on lifestyle services [3][7] - The Kimi-Researcher model, based on end-to-end agentic reinforcement learning, has begun small-scale testing, showcasing its ability to conduct deep research tasks effectively [7][8] - Kimi's model reportedly performs an average of 23 reasoning steps per task, plans 74 keywords, and identifies the top 3.2% of high-quality content from 206 websites, indicating a strong emphasis on practical utility and reliability [8][10] Group 2: Minimax's Innovations - Minimax has launched the Minimax-M1 model, which boasts one of the top two long-context understanding capabilities globally, with a total of 456 billion parameters and support for 1 million tokens in input length [11][20] - The M1 model's performance in specialized context evaluations surpasses all open-source models, including DeepSeek-R1-0528 and Qwen3-235B, and is only slightly behind the state-of-the-art Gemini 2.5 Pro [11][20] - Minimax is also making strides in agent and multimodal technologies, demonstrating practical applications such as AI-driven English learning content on social media platforms [13] Group 3: Competitive Landscape and Future Outlook - The competition in the large model sector is evolving, with Kimi and Minimax seeking to redefine their strategies in response to the dominance of larger players like DeepSeek [3][22] - Both companies are aiming for a "turnaround" in the next phase of competition, focusing on their unique technological strengths and market positioning to capture user attention [22][30] - The industry is witnessing a shift from mere parameter competition to a focus on capturing user perception and establishing a unique identity in the market [27][29]