MiniMax: MiniMax M2

MiniMax M2 is a text-in, text-out model from MiniMax with a 204,800-token context window and a large output ceiling of nearly 197,000 tokens. It supports tool use and reasoning, making it suitable for agentic workflows and multi-step tasks. Structured output support is unconfirmed, so developers who depend on guaranteed JSON schemas should verify that separately before committing. At $0.255 per million input tokens and $1.00 per million output tokens, MiniMax M2 sits in the budget-to-mid tier on price. Its blended benchmark score of 46.3 comes from only one independent benchmark, so its performance profile is not yet well established. Buyers who need a long-context, tool-capable model at a low input cost and are willing to run their own evals may find it worth testing, but those who require a broad, validated track record should look to more thoroughly benchmarked alternatives first.