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1012 MiniMax-M3 debuts, eclipsing GPT-5.5 and Gemini 3.1 Pro on key benchmark performance for just 5-10% of the cost

VentureBeat
VentureBeat · 06/01/2026 12:10 EDT

Big news in enterprise AI broke over the weekend as Chinese AI startup MiniMax released its highly anticipated M3 large language model on Sunday evening Eastern time, pairing frontier-tier coding and agentic performance with a 1-million-token context window and native multimodality for a fraction of the cost of leading proprietary models, with pricing starting at just $20 per month under its new subscription token plans. The company's leadership also announced plans to deliver the model under an open source

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