英伟达成首家市值破 5 万亿美元公司 美股10月29日开盘，英伟达股价上涨超5%，盘中市值达5.13万亿美元，成为史上首个市值突破5万亿美 元的公司。当日收盘英伟达涨2.99%，30日收盘则跌2%。截至30日收盘，英伟达市值4.93万亿美元，回 到5万亿美元以下。微软、苹果近日市值也站上4万亿美元。截至30日收盘，苹果市值4.03万亿美元，创 历史新高。微软10月28日收盘市值4.03万亿美元，30日又回到4万亿美元之下。 点评:英伟达从今年7月市值突破4万亿美元，到近日盘中市值逼近5万亿美元，只花了约3个月的时间。 在这段时间里，英伟达最受外界瞩目的动作，一是推动芯片架构迭代，二是密集对外投资如OpenAI、 英特尔、诺基亚等，巩固AI生态，三是拓展新产品线。科技巨头市值飙涨背后，是全球人工智能浪潮 的持续驱动。不过，近期市场上关于AI是否存在泡沫仍有激烈讨论。 完成重组后，OpenAI 筹备 IPO 10 月 30 日，有消息称，OpenAI 正在为 IPO 做准备，估值最高可能达到1 万亿美元。这次将是史上规 模最大的上市之一。部分人士表示，OpenAI 计划最早在 2026 年下半年向证券监管机构提交 ...

英伟达成首家市值破 5 万亿美元公司 美股10月29日开盘，英伟达股价上涨超5%，盘中市值达5.13万亿美元，成为史上首个市值突破5万亿美 元的公司。当日收盘英伟达涨2.99%，30日收盘则跌2%。截至30日收盘，英伟达市值4.93万亿美元，回 到5万亿美元以下。微软、苹果近日市值也站上4万亿美元。截至30日收盘，苹果市值4.03万亿美元，创 历史新高。微软10月28日收盘市值4.03万亿美元，30日又回到4万亿美元之下。 点评:英伟达从今年7月市值突破4万亿美元，到近日盘中市值逼近5万亿美元，只花了约3个月的时间。 在这段时间里，英伟达最受外界瞩目的动作，一是推动芯片架构迭代，二是密集对外投资如OpenAI、 英特尔、诺基亚等，巩固AI生态，三是拓展新产品线。科技巨头市值飙涨背后，是全球人工智能浪潮 的持续驱动。不过，近期市场上关于AI是否存在泡沫仍有激烈讨论。 完成重组后，OpenAI 筹备 IPO 10 月 30 日，有消息称，OpenAI 正在为 IPO 做准备，估值最高可能达到1 万亿美元。这次将是史上规 模最大的上市之一。部分人士表示，OpenAI 计划最早在 2026 年下半年向证券监管机构提交 ...

Core Insights - MiniMax has launched a series of AI models, including the open-source text model M2, video model Hailuo 2.3, voice model Speech 2.6, and music model Music 2.0, marking a significant breakthrough in multimodal AI technology from China [1][2][8] Group 1: MiniMax's AI Models - The MiniMax-M2 model, with 10 billion active parameters, has achieved a historic ranking in the global Artificial Analysis (AA) leaderboard, entering the top five and becoming the first in open-source models [2] - M2's pricing strategy is revolutionary, costing approximately $0.53 per million tokens, which is only 8% of Claude 4.5 Sonnet's cost, while its inference speed is nearly double [2] - The Hailuo 2.3 model has significantly improved dynamic expression, stylization, and character performance, while maintaining the same pricing as its predecessor [4] - Speech 2.6 has optimized voice agent capabilities, achieving a response time of 250 milliseconds, positioning it at the forefront of the voice technology sector [5] - Music 2.0 has made substantial advancements in vocal and instrumental control, allowing for a wide range of singing styles and dynamic song structures [7] Group 2: Global Impact and Strategic Shift - The integration of MiniMax's algorithms by Meta signifies a recognition of China's leading position in reinforcement learning algorithms [3] - The release of the "AI family bucket" reflects a strategic shift for China from "made in China" to "created in China," emphasizing original algorithms and self-reliance in AI technology [8] - MiniMax's models are seen as a "Chinese solution" that combines top-tier performance with affordable costs, contributing to the deep integration of AI with the real economy [8] - The launch of these models positions China as a frontrunner in the global AI race, transitioning from a follower to a leader in key technological areas [8]

同时，该模型综合成本低至约0.53美元/百万Token，不及Claude 4.5 Sonnet的8%，推理速度是其近 两倍。 文本模型M2上线仅5天，在API整合平台OpenRouter上的实时调用token量已经排到了全球第四、国 产第一；在编程场景中全球第三。 继开源文本大模型M2，上海AI独角兽MiniMax稀宇极智接连发布视频模型Hailuo 2.3、语音模型 Speech 2.6和音乐模型Music 2.0。 10月28日发布的最新视频生成模型海螺2.3（Hailuo 2.3），在Hailuo 02模型基础上实现全面技术升 级的新版本，在动态表现力、风格化呈现以及人物表演细腻度方面取得显著突破。 10月27日，新一代文本大模型MiniMax M2正式发布和开源，这款仅有10B激活参数（总参230B） 的轻量级模型在全球权威测评榜单Artificial Analysis (AA)上创造了历史性突破——总分冲入全球前五、 开源第一。 在语音技术领域，MiniMax发布的Speech 2.6模型针对Voice Agent场景进行了深度优化，将首包响 应时间压到了250毫秒。与传统语音指令识别不同，Voic ...

Core Insights - MiniMax, an AI company based in Shanghai, has launched its new open-source text model M2, which has topped the global open-source model rankings on the Artificial Analysis list, showcasing its capabilities in key areas like agent intelligence and coding, closely rivaling top proprietary models like GPT-5 [2][8] - The launch of M2 represents a significant strategic move for MiniMax, emphasizing a focus on cost-efficiency and practical applications in the AI industry, contrasting with the broader market's anxiety over the commercialization of AI technologies [2][12] Group 1: Technological Advancements - The M2 model achieved rapid success, reaching the 7th position in global usage and 3rd in programming scenarios on the OpenRouter platform within just three days of its launch [3] - M2's performance in various vertical benchmarks demonstrates its strong end-to-end development capabilities, excelling in complex coding tasks and showing practical value for developers [12] - The model's cost is significantly lower, at less than 8% of the price of competitors like Claude 4.5, and it is offered for free globally until server capacity is reached, aiming to disrupt the "computing tax" in AI [12] Group 2: Market Positioning and Strategy - MiniMax has faced skepticism regarding its multi-modal approach, but its recent releases, including the Hailuo 2.3 video model and Speech 2.6 model, have proven its capability to deliver effective solutions across different AI applications [13] - The company is strategically positioning itself in the AI landscape by integrating cutting-edge model capabilities into self-developed applications, creating a feedback loop that enhances model iteration through successful commercial applications [14] - MiniMax's approach contrasts with the traditional "big model" strategy, focusing instead on a "flywheel ecosystem" that emphasizes practical technology development across text, video, and voice, aiming to secure a competitive edge in the ongoing AI race [14]