Making Sense Of AI

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Explore unbiased, data-driven AI themes across the five-layer stack: applications, models, infrastructure, chips, and energy.

Meet Compute

OpenAI's compute spend increased by $10.2B, or 176%, in 2025. Over the same period, annualized revenue increased by $15.9B, or 289%.

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Models

Latest Insights

Explore unbiased, data-driven AI insights across the five-layer stack: applications, models, infrastructure, chips, and energy.

MiniMax

MiniMax Token Usage Ranked

In April 2026, among the AI Tigers, MiniMax models processed 8.06T tokens – the second-most on OpenRouter. Only Alibaba models processed more.

6 May, 2026

Ravinder Deol

MiniMax

MiniMax In Tokens

In April 2026, MiniMax models on OpenRouter processed 8.06 trillion tokens. MiniMax tokens processed increased 24.39% month-over-month.

5 May, 2026

Ravinder Deol

MiniMax

From $3M To $79M

MiniMax generated $79.04M (USD) in revenue in 2025 – up 23x in two years. AI native products went from 22% of revenue in 2023 to 67% in 2025.

4 May, 2026

Ravinder Deol

OpenAI

Meet Compute

OpenAI's compute spend increased by $10.2B, or 176%, in 2025. Over the same period, annualized revenue increased by $15.9B, or 289%.

1 May, 2026

Ravinder Deol