MiniMax: MiniMax M2
MiniMax M2 is a standout performer with an exceptional agentic index and strong scores across instruction following, math, and LiveCodeBench, making it particularly well-suited for autonomous workflow and tool-use applications. At $0.255/$1.00 per million tokens it offers excellent value for its capability level, though limited Western API availability is a practical consideration for UK businesses.
Assessment date: March 12, 2026
Our methodology takes into account a range of factors including pricing, functionality, capabilities, benchmark performance, and real-world applicability. Rankings are reviewed and updated regularly as new models are released. Issues with our rankings? Contact us
MiniMax-M2 is a compact, high-efficiency large language model optimized for end-to-end coding and agentic workflows. With 10 billion activated parameters (230 billion total), it delivers near-frontier intelligence across general reasoning, tool use, and multi-step task execution while maintaining low latency and deployment efficiency. The model excels in code generation, multi-file editing, compile-run-fix loops, and test-validated repair, showing strong results on SWE-Bench Verified, Multi-SWE-Bench, and Terminal-Bench. It also performs competitively in agentic evaluations such as BrowseComp and GAIA, effectively handling long-horizon planning, retrieval, and recovery from execution errors. Benchmarked by Artificial Analysis, MiniMax-M2 ranks among the top open-source models for composite intelligence, spanning mathematics, science, and instruction-following. Its small activation footprint enables fast inference, high concurrency, and improved unit economics, making it well-suited for large-scale agents, developer assistants, and reasoning-driven applications that require responsiveness and cost efficiency. To avoid degrading this model's performance, MiniMax highly recommends preserving reasoning between turns. Learn more about using reasoning_details to pass back reasoning in our docs.
Capabilities
Architecture
| Modality | Text → Text |
| Tokenizer | Other |
Performance Indices
Source: Artificial Analysis
Benchmark Scores
Evaluations
Benchmark data from Artificial Analysis and Hugging Face
Model Information
Pricing
| Token Type | Cost per 1M tokens | Cost per 1K tokens |
|---|---|---|
| Input | $0.26 | $0.000255 |
| Output | $1.00 | $0.001000 |
Live Performance
Live endpoint metrics — refreshed every 30 minutes.
External Resources
Data sourced from OpenRouter API, Artificial Analysis and Hugging Face Open LLM Leaderboard. Scores are editorially curated by our team.
Last updated: March 13, 2026 7:52 pm