别只盯着DeepSeek了。Zhipu毛利率40%靠国企单子，MiniMax用Talky和Hailuo出海赚美国人钱，字节Doubao闷声发大财——这篇把中国AI家底都抖出来了。
匿名AI研究员FleetingBits剖析了中国AI实验室格局：Zhipu类似Palantir，通过国企合同获得国家支持，其GLM 5.2模型毛利率约40%。MiniMax主打陪伴App Talky和视频生成App Hailuo，多数收入来自海外（含美国）。字节跳动的Doubao是中国最流行的AI应用，但不开源模型。
Interesting.
Interesting. MTS @MTSlive SITUATION EXPLAINED: What does the Chinese AI ecosystem actually look like beyond DeepSeek? Gabrierl (. @gbrl_dick ) asked @FleetingBits , anonymous AI researcher. "Most people are familiar with DeepSeek. But if we look at other Chinese labs like Zhipu, Minimax, Moonshot, ByteDance, they're a little bit less well known." "Zhipu is sort of the Chinese equivalent of Palantir... it receives state support through contracts with state-owned enterprises. GLM 5.2 was a Zhipu model. And unique among Chinese AI labs, it has actually pretty good gross margins, around 40%. All of its revenue comes from these state-owned enterprises for which it does these Palantir deployments where it takes its GLM models and deploys them locally on their hardware." "MiniMax is interesting because they're sort of the character AI of China, a companion app called Talky and a video generation app called Hailuo. And the majority of their revenue comes from outside China, including a decent chunk from the United States." "Doubao, which is ByteDance's equivalent of ChatGPT, is the most popular AI app in China." "The Chinese ChatGPT is actually ByteDance. And I think they don't make a splash in America because they don't open source any of their models." Your browser does not support the video tag. 🔗 View on Twitter 🔗 View Quoted Tweet 💬 6 🔄 3 ❤️ 18 👀 11960 📊 7 ⚡