MiniMax Releases M3.1 Flash Reasoning Model With Lower Costs
The release highlights ongoing price competition among Chinese AI developers as companies push reasoning performance higher while reducing task costs.
• MiniMax released the M3.1 Flash reasoning model with a score of 42 on the Intelligence Index at less than half the cost of its predecessor.
• The model scores 48 percent on Humanity's Last Exam and 56 percent on factual accuracy in the AA-Omniscience test.
• MiniMax priced the API at $0.15 per million input tokens and plans an open-weights release on October 23.
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October 20, 2026 19
