Inception: Mercury 2

Inception: Mercury 2

inception · Released Mar 4, 2026
Intelligence #152 / 756
44.8 our score
Speed #1 / 335
704.9 tok/s
Input Price #388 / 798
$0.250 per 1M tokens
Output Price #371 / 798
$0.750 per 1M tokens
Context #529 / 798
128,000 tokens

Analysis Summary

Mercury 2 is an Inception model with a 128K context window, tool use, and function calling. Its measured intelligence is limited, while the coding result is stronger than its general reasoning profile, making it more useful for narrowly defined technical tasks than open-ended analysis.

The low input and output prices support high-volume classification, templated SEO production, extraction, and simple code assistance. Function calling can help integrate it into controlled workflows, but the weak agentic result means autonomous multi-step tasks should remain tightly supervised. Text-only input also excludes image and document-vision workflows.

Use Mercury 2 as a budget component for predictable workloads with clear validation rules. It should not be the primary model for strategic writing, complex research, or client-facing decisions.

Assessed September 7, 2026

Editorial notes

Mercury 2 pairs low-cost inference with useful coding capability, a 128K context, tool use, and function calling. Its weak reasoning and agentic results make it better for constrained automation than high-stakes client work.

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

DFO Verdict

Mercury 2 pairs low-cost inference with useful coding capability, a 128K context, tool use, and function calling. Its weak reasoning and agentic results make it better for constrained automation than high-stakes client work.

#152 of 756 overall

How Inception: Mercury 2 compares

Inception: Mercury 2 ranks #191 of 443 AI models we track for overall intelligence, #117 of 210 for coding, #154 of 192 for agentic tasks. Its 128K-token context window is larger than 34% of the models we list. At $0.25 per million input tokens it is cheaper than 51% of comparable models.

Position in the field
Intelligence: smarter than 80% of models #152
Speed: faster than 100% of models #1
Price: cheaper than 51% of models #388
Context: larger than 34% of models #529
worst in fieldmedianbest in field
Price vs frontier peers · $ per 1M tokens
Inception: Mercury 2 $0.25 in $0.75 out
OpenAI: GPT-6 Astra $10.00 in $50.00 out
Anthropic: Claude Fable 5.1 $10.00 in $50.00 out
Claude Opus 5 $5.00 in $25.00 out

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

Context window vs peers · tokens
Inception: Mercury 2 128K

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

Intelligence2.1Technical2.7Value7.8Content5.8
Performance profile

Strongest on value. The pulled-in intelligence 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

$0/mo Inception: Mercury 2

Full calculator with 798 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%.

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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 #117 of 210 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.

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