Inception: Mercury 2

Inception: Mercury 2

inception · Released Mar 4, 2026
Intelligence #171 / 650
44.5 our score
Speed #1 / 294
785.6 tok/s
Input Price #331 / 688
$0.250 per 1M tokens
Output Price #314 / 688
$0.750 per 1M tokens
Context #428 / 688
128,000 tokens

Analysis Summary

Mercury 2 is a compact model from Inception focused on coding tasks, with tool use and function calling built in. Its coding capability is reasonably strong for its size, though general reasoning and agentic reliability are limited.

This makes it a fit for lightweight code generation, scripting, and simple automation tasks rather than complex multi-step agents or nuanced content work. It is not suited to tasks requiring deep reasoning or long document analysis.

At under a dollar per million tokens for output, it is priced for high-throughput, low-complexity workloads. Consider it for background coding tasks where cost matters more than depth.

Assessed July 25, 2026

Editorial notes

Mercury 2 from Inception is a lightweight coder with tool use and function calling, priced for high-volume tasks but limited on broader reasoning.

Rankings consider pricing, capabilities, benchmarks, and real-world applicability and are refreshed as new models launch. Feedback?

DFO Verdict

Mercury 2 from Inception is a lightweight coder with tool use and function calling, priced for high-volume tasks but limited on broader reasoning.

#171 of 650 overall

How Inception: Mercury 2 compares

Inception: Mercury 2 ranks #141 of 401 AI models we track for overall intelligence, #88 of 176 for coding, #96 of 157 for agentic tasks. Its 128K-token context window is larger than 38% of the models we list. At $0.25 per million input tokens it is cheaper than 52% of comparable models.

Position in the field
Intelligence: smarter than 74% of models #171
Speed: faster than 100% of models #1
Price: cheaper than 52% of models #331
Context: larger than 38% of models #428
worst in fieldmedianbest in field
Price vs frontier peers · $ per 1M tokens
Inception: Mercury 2 $0.25 in $0.75 out
Anthropic: Claude Fable 5 $10.00 in $50.00 out
Claude Opus 5 $5.00 in $25.00 out
Anthropic: Claude Opus 4.8 $5.00 in $25.00 out

Dark bar = input · light bar = output, scaled to the priciest peer.

Context window vs peers · tokens

1M tokens ≈ 8 full-length novels or ~2,500 pages of business documents in a single request.

Intelligence3.1Technical2.9Value7.8Content4.5
Performance profile

Strongest on value. The pulled-in technical corner is the trade-off, and if the shape matters more than the price, this is your model.

Compare shapes side-by-side →

Pricing

Token Type Cost per 1M tokens Cost per 1K tokens
Input $0.25 $0.000250
Output $0.75 $0.000750

What would Inception: Mercury 2 cost your business?

Pick the job that looks most like yours, then fine-tune with the sliders. Estimates update live.

A website chatbot handling around 100 customer conversations a day, a few short messages each.

3,000
One request is one message, email, draft or automation call.
1,200 tokens

Full calculator with 688 models → Price Calculator

DFO AI AUTOMATION

These numbers get smaller with the right architecture.

We route routine calls to cheap models and save Inception: Mercury 2 for the hard ones. Most clients cut their estimate by 60-80%.

Talk to our team

About Inception: Mercury 2

Mercury 2 is an extremely fast reasoning LLM, and the first reasoning diffusion LLM (dLLM). Instead of generating tokens sequentially, Mercury 2 produces and refines multiple tokens in parallel, achieving..

Frequently asked questions about Inception: Mercury 2

How much does Inception: Mercury 2 cost?

Inception: Mercury 2 costs $0.25 per million input tokens and $0.75 per million output tokens.

What is the context window of Inception: Mercury 2?

Inception: Mercury 2 has a context window of 128,000 tokens (128K).

Is Inception: Mercury 2 good for coding?

On our coding benchmark index, Inception: Mercury 2 ranks #88 of 176 models, placing it in the broader range of the field for code generation and debugging.

What can Inception: Mercury 2 do?

Inception: Mercury 2 supports tool use and function calling.

Who created Inception: Mercury 2?

Inception: Mercury 2 is developed by Inception and was released on March 4, 2026.

© 2026 Design for Online Ltd. Registered in England and Wales No. 10328553. VAT Registered. Design for Online® and Forerunner® are registered trademarks.