具体到 2025 年第四季度，根据 MiniMax 招股书中披露的去年前三季度营收简单计算，MiniMax 去年第四季度营收达 2560.1 万美元，同比增长约 131.3%，增速较 2025 年前三个季度的约 175% 同比增速明显回落，但仍高于市场预期。
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。关于这个话题，爱思助手下载最新版本提供了深入分析
After the whole Velvet Sundown-fiasco, audio streaming competitor Spotify started adding AI disclosures through metadata in Sept. 2025, working with the Digital Data Exchange (DDEX) to allow "artists and rights holders a way to clearly indicate where and how AI played a role in the creation of a track — whether that’s AI-generated vocals, instrumentation, or post-production." However, this is separate from Spotify recommending AI-generated music to users, which we've still seen happening in 2026.。服务器推荐是该领域的重要参考
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