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MiniMax model°

MiniMax M2

MiniMax M2 is a text-only large language model from MiniMax, built for end-to-end coding and agentic workflows and priced low enough to run agent loops at volume.

MiniMaxVerified 24/09/2026Released 23/10/2025

01 / decision

Decision snapshot

Each figure sits next to the middle of the field, so it can be read as dear or cheap, wide or narrow, rather than floating on its own. Compared against the 126 models we track, not against an absolute standard.

Capability

Not measured

No published benchmark scores yet

Input / 1M tokens

$0.30

field median $0.30

Output / 1M tokens

$1.20

field median $1.25

Context

205K

field median 524K

02 / overview

What MiniMax M2 is, and when to reach for it

Four questions, answered separately, because somebody arrives at one of them rather than at the top of the page.

What it is

The job it was built for, and the job it is not for.

MiniMax M2 is a sparse large language model that activates a small fraction of its total parameters on each pass, which is what keeps it cheap and quick to serve. It was built for coding work that runs start to finish and for agents that chain many steps together, rather than for open-ended chat. It handles text only, so image, audio and video work needs a different model.

When it arrived, and when to use it

Where it sits in its line, and when a sibling is the better pick.

MiniMax M2 first appeared in October 2025 as MiniMax's compact, efficiency-led option rather than a maximum-capability flagship. It is the right pick when a task runs the same prompt shape thousands of times, or when an agent takes many turns to finish a job and the token bill compounds. It is the wrong pick when you need multimodal input, or when a single hard reasoning problem justifies paying for a frontier model.

How you reach it

The API, the apps it powers, and what its limits let you do.

MiniMax M2 is reached through the MiniMax API and through the usual third-party inference and routing platforms that carry open-weight and low-cost models. Its context window holds a large codebase, a long tool-call transcript or a stack of retrieved documents in one request, and its output ceiling is unusually generous, so it can write long files or full multi-step plans without being cut off mid-answer. Everything in and out is text, which suits code, tool calls and structured output.

Why it matters

What changes because this exists, or why it does not.

Agentic systems fail on economics more often than on capability, because every retry, every tool result and every re-read of context is billed again. MiniMax M2 makes the long-loop pattern affordable to leave running, so teams can build agents that take twenty steps instead of rationing them to five. Nothing here is novel in kind, it is the cost curve moving under work that was already possible.

03 / evidence

How much of this is verified

Split by category, so a strong number never hides a thin evidence base. Verified means we read it on the benchmark's own published results; a provider's claim about its own model is shown and labelled rather than dropped.

No published benchmark scores for this model yet.

We publish a score only where we can link the result to where it was published. Until a benchmark result for this model exists in a source we read, this section stays empty rather than being filled with a provider's marketing figure.

How we decide what counts as evidence

04 / ledger

Benchmark ledger

Every published row, grouped by category, each compared with the best published score on the same benchmark. 'Is 64% good' is a question nobody can answer; '26 points behind the leader' is one anybody can.

Nothing in the ledger yet.

Each row here carries a score, the benchmark it came from, what the leading model scored on the same test, and a link to the published result. Rows appear as results are published and read.

How we decide what counts as evidence

05 / capability

Capability shape

Where this model is strong, and against how many peers. Ranks are against models with evidence in that category, not against everything we track: ranking against models nobody tested would rank who published, not who is better.

No category scores to shape yet.

A category score is the weighted mean of the benchmarks published for it. With no published rows there is nothing to average, and an empty chart drawn at zero would say something false.

How we decide what counts as evidence

06 / cost

What it costs

List API rates as last read from the provider, with the source on every row, plus every change we have recorded since we started tracking it.

MiniMax M2 API pricingSurge45°
ChargePriceUnitRead onSource
Input$0.30per 1M tokens2026-09-24Check
Output$1.20per 1M tokens2026-09-24Check

MiniMax M2 sits at the low end of the market, closer to small open-weight models than to frontier systems, and the gap is wide enough to change what is worth building. Output costs several times what input does, so the savings are largest on retrieval-heavy and tool-heavy work where most tokens go in rather than out.

What a month costsSurge45°
WorkloadInput / monthOutput / monthCost
A small product team20M tokens5M tokens$12.00
A busy support assistant200M tokens40M tokens$108.00
A document pipeline1000M tokens100M tokens$420.00

List API rates, no caching and no batch discount, which both providers offer and which change the answer a great deal. Treat these as the ceiling, not the bill.

07 / specs

Specifications

As listed by the provider's own catalogue and re-read every few hours. Anything absent is absent there too.

SpecificationSurge45°
Context window204,800 tokens
Maximum output176,947 tokens
Modalitiestext
Released23/10/2025
StatusCurrent
Catalogue identifierminimax/minimax-m2

08 / lineage

Lineage

What this model replaced, what replaced it, and what else its provider has in the field.

Also from MiniMax

09 / line

The line

Every model in this family in release order, so a page from eight months ago says in one glance that two newer ones exist.

Nothing else in this line yet.

A line is worked out from the naming and the release dates across every model page we hold. It fills in as the provider ships successors, or as we pick up the models that came before this one.

How we decide what counts as evidence

10 / notes

Our notes

What this model changes for a brand trying to be cited in AI answers, and every change we have logged since it launched.

What it changes for you

A cheap agentic model means more retrieval passes, not fewer. When an agent can afford to read ten sources instead of two before answering, thin content gets skipped and the pages with specific, checkable detail get pulled in. For a SaaS brand, that rewards documentation, pricing pages and comparison content that survive being read closely rather than skimmed.

Where buyers meet this model

Most buyers meet MiniMax M2 indirectly rather than by choosing it. It sits behind coding assistants, agent frameworks and internal tools where the builder picked it on price, and it is available through the MiniMax API and the model routers that developers default to. There is no major consumer AI search surface running on it, so it shapes what gets built more than what gets read.

Change log

Nothing published here yet. Changes appear within hours of a provider announcing them.

11 / questions

Questions

The things people ask about this model, answered from what is on this page rather than from anywhere else.

Can MiniMax M2 handle images or audio?
No. MiniMax M2 is text only. Any workflow involving images, audio or video needs a multimodal model alongside it.
What is MiniMax M2 best used for?
End-to-end coding tasks and agentic workflows, meaning jobs where the model plans, calls tools, reads the results and continues over many turns. Its combination of a large context window and low per-token cost suits loops that would be expensive to run on a frontier model.
Is MiniMax M2 a frontier model?
No. MiniMax describes it as a compact, high-efficiency model that gets close to frontier intelligence on general reasoning while activating only a small share of its total parameters. It is positioned on efficiency, not on topping capability rankings.
Surge45°

Is MiniMax M2 recommending you?

Models change what gets cited. We measure whether AI answers name your brand or your competitors across every assistant, and show you what to change.