If MiniMax pulls 70% API margins, Anthropic and OpenAI may be at 90%, argues X thread

teortaxesTex · x · 2026-09-14

An industry discussion arguing that "API pricing equivalent" is becoming the new "ARR" as a vanity metric. The thread speculates that if MiniMax runs 70% gross margins on API business, Anthropic and OpenAI could be pulling 90%.

A quoted post adds a sharper jab: Dario knows selling $8k/month of compute for a $200 subscription is unsustainable, hence the push to ban open source. A pointed, if unsubstantiated, take on LLM pricing economics.

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