MiniMax-01: pricing, context and benchmarks

What you need to know about MiniMax-01

MiniMax, based in China, put MiniMax-01 online on January 15, 2025. It accepts text and images as input and produces text. Its context window reaches 1,000,192 tokens, larger than 78 % of the models in the registry, and it can write up to 900,172 tokens in one go.

Released more than 1 year ago, it belongs to a generation most vendors have since superseded.

MiniMax-01 pricing

On OpenRouter, MiniMax-01 costs $0.2 per million input tokens and $1.1 per million output tokens. Counting three tokens read for every token written, its average price is $0.425 per million, more expensive than 36 % of paid models (1.8 times cheaper than the median of $0.76).

A concrete example: a task that sends 2,000 tokens (about 1,500 words) and receives a 500-token answer costs $0.001. At 1,000 tasks a day, budget $29 a month. The price calculator redoes this with your own volumes.

Performance and benchmarks

Epoch AI does not yet publish a capabilities index for MiniMax-01. We therefore show no made-up performance rating: only price, context and features count towards its score.

Features, privacy and local use

• It does not support tool calling: it is not suited to driving an AI agent that has to act.
• Its knowledge stops at March 2024.

Its weights are open and downloadable from Hugging Face: you can run it on your own machines without sending your data to a third party. With 456,089,655,296 billion parameters, it needs about 254,859,955,215 GB of memory at 4-bit quantisation. Check with the VRAM calculator. It was downloaded 2,766 times on Hugging Face last month.

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