MiniMax CEO Yan Junjie said inference costs for leading AI models could fall by another order of magnitude within one to two years, following a similar drop over the past year. Speaking at the 2025 World Artificial Intelligence Conference in Shanghai, Yan cited advances in system optimization and algorithms as key drivers. Yan believes AI capabilities will continue to grow while becoming more cost-efficient. He emphasized that AI systems are now being trained through reinforcement learning in environments with defined rewards, accelerating generalization and expert-level performance. MiniMax is one of China’s six leading LLM startups.