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Anthropic's initial public offering shows a margin of 85.4% compared to Z.ai and MiniMax - News and statistics - IndexBox
Translated title. Original: L'introduction en Bourse d'Anthropic affiche une marge de 85,4 % face à Z.ai et MiniMax - Actualités et statistiques - IndexBox
Anthropic's IPO prospectus shows a large profitability gap versus Chinese rivals Z.ai (Zhipu AI) and MiniMax, highlighting monetization challenges for Chinese AI developers; Anthropic reports 85.4% gross margin in H1 2026, compared with 26.4% for Z.ai and 17.9% for MiniMax, according to SEC filings and market analysis. This underscores competitive dynamics between US and Chinese AI firms in revenue and margins.