Svmuu News: On July 3, Goldman Sachs. maintained its “Buy” rating on MiniMax Group with a target price of 860 HKD.The report indicates that the MiniMax M3 model is priced the same as the M2.7. Through upgrades to its training and inference architectures, its inference efficiency has more than doubled, which is sufficient to offset the cost increase resulting from the doubling of model parameters.This week, DeepSeek announced that the official version of V4 is scheduled to launch in mid-July, along with the introduction of a time-of-day pricing mechanism, under which the call price during peak hours will be twice the normal rate. Goldman Sachs believes that DeepSeek’s price hike indirectly confirms the MiniMax M3’s high cost-effectiveness. The upcoming larger versions of the M3 series and the H3 video model are also viewed as catalysts for the next phase. (Jin Shi)