AI Summary

MiniMax announced its new M3 large‑language model on Sunday evening Eastern time. The model offers frontier‑tier coding and agentic performance, a 1‑million‑token context window, and native multimodality, all at a fraction of the cost of leading proprietary models. Pricing starts at $20 per month under new subscription token plans, and the API is available for $0.3 per million input tokens and $1.20 per million output tokens for the first week. MiniMax plans to release the model under an open‑source license with open weights within the next ten days, enabling full enterprise downloads and customizability at no cost. Even at its full price of $0.6/$2.40 per million tokens, M3 remains only 8‑20% of the cost of top U.S. models while outperforming them on selected benchmarks.

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