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Chinese AI labs · Vision & multimodal

MiniMax-M3

Outstanding cost-per-context: 1M window at $0.30/$1.20 with open weights — just watch the tier break, since anything over 512k input bills at double.

Open weights · Community or custom license · Data checked September 6, 2026 · Not a hands-on evaluation

Model ID MiniMax-M3

Parameters
427B total · 23B active427B total / ~23B active MoE
Architecture
Mixture of experts
Context window
1,000,000 tokensMaximum input
Max output
Not recordedPer response
Input price
$0.30 per 1M tokens
Output price
$1.20 per 1M tokens
Cached input
$0.06 per 1M tokens
Blended price
$0.525 per 1M tokens3:1 input to output
Knowledge cutoff
Not recorded
Released
2026-06
Status
ga
Size band
120B and above

License and openness

MiniMax-M3 is released under the MiniMax Model License (license_name minimax-community). This is a community or custom license with its own conditions, which can include acceptable-use rules, user thresholds or naming requirements. Read it before commercial use. License terms can change between versions; confirm the text published with the weights you download.

Capabilities

Input modalitiestext, image
Output modalitiestext

What it is for

At a three-to-one input-to-output ratio, MiniMax-M3 costs $0.52 per million tokens blended. A workload of one million input and 330,000 output tokens per day would run about $20.88 per month at list price, before caching or batch discounts.

Cost at list price

Input$0.30 per 1M tokens
Output$1.20 per 1M tokens
Cached input$0.06 per 1M tokens
Blended, 3:1$0.525 per 1M tokens
Estimate a workload across all models ↗

Sources

Sources checked September 6, 2026. Specifications and prices change without notice; confirm against the provider before you commit.

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