MiniMax
MiniMax is a Shanghai-based AI foundation model company founded in 2022.
| Model | Released | Weights | Hosts | Cheapest host | Input | Output |
|---|---|---|---|---|---|---|
| MiniMax M3.1 Flash | Oct 2026 | — | 4 | InferenceNet | $0.10 | $0.50 |
| MiniMax-M3−50% | Jun 2026 | Open · MiniMax Community License | 12 | CoreWeave | $0.23 | $0.96 |
| MiniMax M2.7−30% | Mar 2026 | Open · MiniMax Non-Commercial License | 7 | GMICloud | $0.21 | $0.84 |
| MiniMax M2.5−10% | Feb 2026 | Open · MiniMax Model License | 9 | Venice | $0.27 | $0.95 |
| MiniMax M2-her | Jan 2026 | Open · Modified MIT | 1 | Minimax | $0.30 | $1.20 |
| MiniMax M2.1 | Dec 2025 | Open · Modified MIT | 2 | Novita AI | $0.30 | $1.20 |
| MiniMax M2−15% | Oct 2025 | Open · Modified MIT | 3 | Minimax | $0.26 | $1.02 |
| MiniMax M1 | Jun 2025 | Open · Apache 2.0 | 2 | Minimax | $0.40 | $2.20 |
| MiniMax-01 | Jan 2025 | — | 1 | Minimax | $0.20 | $1.10 |
9 of 9 models · prices per million tokens at the cheapest host, read Oct 23, 09:51 UTC
Deals now
- −50%MiniMax-M3at StreamLake
- −30%MiniMax M2.7at GMICloud
- −20%MiniMax-M3at GMICloud
- −15%MiniMax M2at Minimax
- −10%MiniMax M2.5at StreamLake
About MiniMax
- Founders
- Yan Junjie (former SenseTime vice president); Yun Yeyi (former SenseTime head of strategy)2, 4
- First model
- abab 1, April 2022 (internal use)2
MiniMax describes itself as founded in 2022 by a group of engineers, with research and development work under way from January of that year.1, 2
Its founders are Yan Junjie, who previously spent more than six years at SenseTime, and Yun Yeyi, who also worked there.2, 4
As of October 2026, Yan Junjie is chairman of the board and chief executive officer.4, 5
The company states its mission as "Intelligence with Everyone".1, 5
Its first text model, abab 1, was launched in April 2022 for use in the company's own products.2
The text model abab5.5 followed in May 2023, when the company also entered into an agreement with its first API customer, and abab 6.0, a Mixture-of-Experts model, arrived in January 2024.2
In August 2024 it launched the Hailuo-01 video generation model together with the Hailuo AI platform.2
MiniMax-Text-01 (January 2025), MiniMax-M1 (June 2025) and MiniMax-M2 (October 2025) were released as open-source text models.2
MiniMax M3 was released on 1 June 2026, and M3.1 Flash followed on 19 October 2026.5, 10, 11
The H3 video generation model was launched on 31 July 2026, and its weights were published on 3 August 2026.5, 12, 13
The company says it makes certain of its models available on an open-source basis, with published weights under licences such as Apache 2.0 and the MiniMax Community License.2, 6, 7
Its head office is in Shanghai, and its international API platform is operated by a Singapore-registered company that stores personal data in the United States.2, 3, 8, 9
Official links
- Website minimax.io
- API docs platform.minimax.io/docs/guides/models-intro
- Pricing platform.minimax.io/docs/pricing/overview
- GitHub github.com/MiniMax-AI
- Hugging Face huggingface.co/MiniMaxAI
- Blog minimax.io/blog
- X x.com/MiniMax_AI
- LinkedIn linkedin.com/company/minimax-ai
Sources
- About MiniMax · minimax.io · read Oct 23
- MiniMax Group Inc. Global Offering Prospectus (December 31, 2025) · www1.hkexnews.hk · read Oct 23
- IR Contacts - MiniMax Investor Relations · ir.minimax.io · read Oct 23
- Management Team - MiniMax Investor Relations · ir.minimax.io · read Oct 23
- MiniMax Group Inc. Interim Results Announcement for the Six Months Ended June 30, 2026 · file.cdn.minimax.io · read Oct 23
- MiniMaxAI/MiniMax-M1-80k - Hugging Face · huggingface.co · read Oct 23
- MiniMaxAI/MiniMax-M3 - Hugging Face · huggingface.co · read Oct 23
- MiniMax Terms of Service · platform.minimax.io · read Oct 23
- MiniMax API Privacy Policy · platform.minimax.io · read Oct 23
- MiniMax M3: Frontier Coding, 1M Context, Native Multimodality — All in One Model · minimax.io · read Oct 23
- MiniMax M3.1 Flash: Redefining Agent Performance and Cost · minimax.io · read Oct 23
- MiniMax H3: An Open Model Breaking the Boundaries Between Tasks and Modalities · minimax.io · read Oct 23
- Open General Intelligence: MiniMax H3 Is Now Open Source · minimax.io · read Oct 23
Every fact above links to its source and the date it was read; last checked Oct 23. Not affiliated with MiniMax. Corrections or removal on request: contact.