和多数大模型公司类似，MiniMax 仍然处在亏损之中。剔除掉非经营性项目导致的巨幅亏损，MiniMax 2025 年经调整亏损为 2.5 亿美元，与上年的 2.44 亿美元基本持平，亏损同比扩大约 2.7%。同期，MiniMax 的毛利率从 2024 年的 12.2% 提升至 2025 年的 25.4%。
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The Element Saga: A Five-Layer WorkaroundHere's where things get truly wild. In headless environments, relying on the browser's native playback path is fragile and often non-deterministic for our use case. Different codec/container combinations behave differently, and we still need frame-perfect seeking tied to virtual time.
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from the heap, there’s a fairly large chunk of code that needs to run