HKGoldman Sachs has raised its revenue forecast for China's artificial intelligence model market to $13 billion, up from $10 billion, due to advancements in cost efficiency and technological capabilities from companies like DeepSeek and MiniMax. The investment bank noted aggressive price cuts, technical breakthroughs, and increased corporate adoption as key drivers. Goldman Sachs specifically updated projections for Hong Kong-listed companies Zhipu AI and MiniMax, raising their expected year-end ARR to $2.5 billion and $1 billion, respectively. The report highlights intensified competition for the best performance-to-price ratio, with MiniMax launching its H3 model at significantly lower prices and DeepSeek releasing its V4 Flash model with competitive coding capabilities.
Bias read (Center): The article presents a balanced analysis of market trends and technological developments in China's AI sector without overtly favoring any political ideology. It focuses on economic and technological progress rather than ideological stances, though the mention of state-backed companies like Zhipu AI
