海通国际发表报告指,MINIMAX-W(00100.HK) 在算力基础设施、通用模型架构和多模态产品方面已有较深积累,有望迎来能力升级与收入增长的共振。根据该行调研,公司下一代模型已迈向约3T参数规模,并围绕MoE、稀疏注意力、KV Cache压缩和强化学习优化单位算力产出的智能水平;原生多模态路线也将随着海螺新一代产品落地接受检验。观察跟踪显示,国内大模型尚未形成稳定的用户锁定与绝对领先者,推理...
Source Link海通国际发表报告指,MINIMAX-W(00100.HK) 在算力基础设施、通用模型架构和多模态产品方面已有较深积累,有望迎来能力升级与收入增长的共振。根据该行调研,公司下一代模型已迈向约3T参数规模,并围绕MoE、稀疏注意力、KV Cache压缩和强化学习优化单位算力产出的智能水平;原生多模态路线也将随着海螺新一代产品落地接受检验。观察跟踪显示,国内大模型尚未形成稳定的用户锁定与绝对领先者,推理...
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