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MiniMax M3.1 Flash
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MiniMax has released MiniMax M3.1 Flash, a model for agentic tasks, coding, computer use and cybersecurity. The company says Space Bunny, an anonymous system that processed more than 200 trillion tokens, was an early version of M3.1 Flash. MiniMax says the new model makes online inference nearly three times faster than its predecessor and reduces overall agentic-task usage costs by 70%. MiniMax reports benchmark scores of 76.2 on BankerToolBench, 73.7% on DeepSWE v1.1, 61.7 on OSWorld V2, 29.6 on Agents’ Last Exam, and 82% on CyberGym. It says M3.1 Flash ranks first among Chinese models on OSWorld V2 and Agents’ Last Exam. The company attributes the model’s inference efficiency to more aggressive sparsity and says it can exceed 200 output tokens per second, with median speeds above 170 tokens per second. Pricing is $0.15 per million input tokens, $0.60 per million output tokens, and $0.015 per million cached input tokens. M3.1 Flash is available through the MiniMax API, M Plan and MiniMax Code, while model weights are planned for a later release.
Summary from minimax.io.
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MiniMax M3.1 Flash
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Based on 15 sampled comments from this thread. Analyzed 2026-10-20.
The thread treated MiniMax M3.1 Flash less as a breakthrough than as another test case for the growing gap between launch charts and day-to-day model use. Commenters are exhausted by the ritual: every vendor claims a cheaper frontier model, but benchmark selection, stale comparison targets, and carefully chosen operating modes make nearly every release look dominant somewhere. Several readers argued that public evaluations are noisy rather than useless; they can locate a model family roughly, but task-specific testing is what decides whether it belongs in a production workflow. Coding scores in particular were seen as a poor proxy for marketing, creative work, or broad agent reliability. The strongest practical objection came from reports that the earlier stealth checkpoint, Space Bunny, disappointed OpenCode users despite being free. Those users reportedly returned to DeepSeek and Qwen alternatives after conspicuous mistakes, casting doubt on unusually strong DeepSWE and TerminalBench results. A few counterexamples kept the verdict from being absolute: one independent adversarial programming-language evaluation found performance around DeepSeek V4 Pro, and MiniMax has performed well in some organizational testing. The price cut is plausible on paper, especially relative to M3, but readers stressed that token pricing alone conceals output-heavy reasoning costs and wall-clock latency. Even enthusiasts of the rapidly improving low-cost model tier want speed and independent evidence before calling this a new Pareto-frontier entry.
The central fight is whether M3.1 Flash's benchmark claims signal genuine capability or benchmark optimization. Skeptics point to weak stealth-release experiences, selective charts, and suspiciously aligned scores as evidence that real agentic work will expose it. Defenders argue that independent task evaluations and reputational pressure make outright inflated results short-lived, while benchmarks still provide a useful first approximation.
- Praise: The pricing reduction versus M3 appears mechanically credible, giving agent-heavy workloads a materially cheaper option if its claimed quality survives independent testing.
- Praise: Low-cost flash models are making capable coding and project-generation workflows accessible enough that users can reserve premium models for expensive planning steps.
- Praise: An independent adversarial programming-language evaluation placed the model near DeepSeek V4 Pro, suggesting its coding ability may be stronger than disappointed early users imply.
- Praise: MiniMax's prior models have earned respect in some real-world testing, so fixing its inference-speed weakness could make this release genuinely competitive.
- Concern: The release charts look like familiar benchmark theater: vendors choose favorable tasks, older rivals, and convenient settings until every new model appears unbeatable.
- Concern: People who used the stealth Space Bunny checkpoint describe glaring practical errors and preferred DeepSeek or Qwen, undermining the headline agentic benchmarks.
- Concern: Cheap input tokens do not guarantee cheap agents when long reasoning produces costly output tokens and multiplies total latency.
- Concern: Flash branding draws skepticism for a 428B-total MoE model whose slow time-to-first-token and lengthy reasoning can make work feel worse, not faster.
- Concern: Mixed use of older and newer Opus versions across graphics makes the comparison set look curated for marketing rather than an honest frontier test.