MiniMax-M2 vs. GLM-4.6 (Reasoning)

Name: Intelligence
Creator: Artificial Analysis
License: https://artificialanalysis.ai/docs/legal/Terms-of-Use.pdf

Comparison between MiniMax-M2 and GLM-4.6 (Reasoning) across intelligence, price, speed, context window and more.

For details relating to our methodology, see our Methodology page.

	MiniMax	Z AI
Intelligence
Intelligence Index	19*	19*
GDPval-AA v2.1		757
Humanity's Last Exam	14%	14%
CritPt	1%	1%
AA-Omniscience	−47	−42
AA-LCR v1.1	64%	54%
Cost
Price per 1M Tokens	$0.39	$0.407
Input Price per 1M Tokens	$0.30	$0.55
Output Price per 1M Tokens	$1.20	$2.20
Cache Hit Price per 1M Tokens		$0.11
Token Use
Performance
Output Speed	69 tokens/s	35 tokens/s
Time to First Token	1.51s	3.10s
Time to First Answer Token	30.44s	60.87s
End-to-End Response Time	37.67s	75.31s
Technical specifications
Context Window	205k tokens~307 A4 pages of size 12 Arial font	200k tokens~300 A4 pages of size 12 Arial font
Release Date	October 2025	September 2025
Total parameters	230B	357B
Active parameters	10B	32B
Reasoning	Yes	Yes
Input modality	Supports: text	Supports: text
Output modality	Supports: text	Supports: text
Open Source (Weights)	Yes	Yes
License	Modified MIT	MIT
License Supports Commercial Use Without Restrictions	Yes	Yes

* Estimated

Intelligence

Artificial Analysis Intelligence Index · Higher is better

Speed

Output tokens per second · Higher is better

Cost per Task

Weighted average cost (USD) per Intelligence Index task · Lower is better

No data available

Intelligence

Artificial Analysis Intelligence Index

Artificial Analysis Intelligence Index v4.3.2 incorporates 10 evaluations: AA-Briefcase v1.1, GDPval-AA v2.1, AutomationBench-AA, Terminal-Bench 4.0, SciCode, Humanity's Last Exam, GDP.pdf, CritPt, AA-Omniscience, AA-LCR v1.1

No publicly available API

Estimate (independent evaluation forthcoming)

Artificial Analysis Intelligence Index v4.3.2 includes: AA-Briefcase v1.1, GDPval-AA v2.1, AutomationBench-AA, Terminal-Bench 4.0, SciCode, Humanity's Last Exam, GDP.pdf, CritPt, AA-Omniscience, AA-LCR v1.1. See Intelligence Index methodology for further details, including a breakdown of each evaluation and how we run them.

Artificial Analysis Intelligence Index by Open Weights / Proprietary

No publicly available API

Estimate (independent evaluation forthcoming)

Indicates whether the model weights are available. Models are labelled as 'Commercial Use Restricted' if commercial use is limited by conditions, and as 'Non-commercial' if the license prohibits commercial use.

Intelligence Index vs. Cost per Intelligence Index Task

Artificial Analysis Intelligence Index · Weighted average cost (USD) per Artificial Analysis Intelligence Index task

Most attractive quadrant

Pareto line

AA-Briefcase v1.1

GDPval-AA v2.1

Cost per Task (USD, Log Scale)

Weighted average cost per Intelligence Index task. Each evaluation’s cost is calculated from input, cache hit, cache write, reasoning, and answer token prices, divided by task count, and weighted by its Intelligence Index weight.

Benchmarks

Intelligence Evaluations

Intelligence evaluations measured independently by Artificial Analysis · Higher is better

No publicly available API

AA-Briefcase v1.1Updated

Agentic knowledge work, (Elo-500)/2000

GDPval-AA v2.1Updated

Agentic real-world work tasks, (Elo-500)/2000

AutomationBench-AA

Agentic SaaS workflows

Terminal-Bench 4.0

Agentic coding & terminal use

SciCodeUnder review

Coding

Humanity's Last Exam

Reasoning & knowledge

GDP.pdf

Professional document reasoning, All-pass

CritPtUnder review

Physics reasoning

AA-Omniscience Accuracy

Knowledge

AA-Omniscience Non-Hallucination Rate

1 - hallucination rate

AA-LCR v1.1

Long context reasoning

Harvey LAB-AA v1.1Updated

Legal agentic work, Hallucination-Gated All-Pass Rate

EnterpriseOps-Gym-AA

Agentic business operations

Terminal-Bench-Science 0.1New

Agentic scientific research workflows in a terminal

FrontierCode 1.1New

Agentic software engineering in open-source repositories

AA-AnalystAgent

Quantitative analysis on spreadsheets & documents

ITBench-AA

Kubernetes incident root-cause analysis

MMMU-Pro

Visual reasoning

MLCR-AA

Medical long context reasoning

While model intelligence generally translates across use cases, specific evaluations may be more relevant for certain use cases.

AA-Omniscience

AA-Omniscience Index

AA-Omniscience Index (higher is better) measures knowledge reliability and hallucination. It rewards correct answers, penalizes hallucinations, and has no penalty for refusing to answer. Scores range from -100 to 100, where 0 means as many correct as incorrect answers, and negative scores mean more incorrect than correct.

No publicly available API

Openness Index

Artificial Analysis Openness Index: Score

Openness Index assesses model openness on a 0 to 100 normalized scale (higher is more open)

Intelligence Index Comparisons

Intelligence Index vs. Cost per Intelligence Index Task

Artificial Analysis Intelligence Index · Weighted average cost (USD) per Artificial Analysis Intelligence Index task

Most attractive quadrant

Pareto line

AA-Briefcase v1.1

GDPval-AA v2.1

Cost per Task (USD, Log Scale)

Cost

Cost per Intelligence Index Task

Weighted average cost (USD) per Artificial Analysis Intelligence Index task, segmented by token type. Lower is better

No publicly available API

Cost to Run Artificial Analysis Intelligence Index

Cost (USD) to run all evaluations in the Artificial Analysis Intelligence Index

No publicly available API

The cost to run the evaluations in the Artificial Analysis Intelligence Index, calculated using the model's input, cache hit, cache write, reasoning, and answer token prices and the number of tokens used across evaluations (excluding repeats).

Pricing: Cache Hit, Input, and Output

Price (USD per M Tokens)

No publicly available API

Price per token for cached prompts (previously processed), typically offering a significant discount compared to regular input price, represented as USD per million tokens. The values shown here are the cache hit price; cache write and cache storage are billed separately and vary by provider — see "Cache pricing by provider" for detail.

Context Window

Context window: tokens limit · Higher is better

No publicly available API

Larger context windows are relevant to RAG (Retrieval Augmented Generation) LLM workflows which typically involve reasoning and information retrieval of large amounts of data.

Maximum number of combined input & output tokens. Output tokens commonly have a significantly lower limit (varied by model).

Speed

Measured by Output Speed (tokens per second)

Output Speed

Output tokens per second · Higher is better

Tokens per second received while the model is generating tokens (ie. after first chunk has been received from the API for models which support streaming).

Figures represent performance of the model's first-party API or the median across providers where a first-party API is not available.

Time per Intelligence Index Task

Weighted average decode time (minutes) per task; excludes TTFT and overhead time · Lower is better

The weighted average time (seconds) per Artificial Analysis Intelligence Index task. This is calculated by dividing output tokens per task by output speed, weighted by the relative weights of each benchmark in the Intelligence Index.

Latency

Measured by Time (seconds) to First Token

Latency: Time To First Answer Token

Seconds to first answer token received · Accounts for reasoning model 'thinking' time

Time to first answer token received, in seconds, after API request sent. For reasoning models, this includes the 'thinking' time of the model before providing an answer. For models which do not support streaming, this represents time to receive the completion.

End-to-End Response Time

Seconds to output 500 tokens, calculated based on time to first token, 'thinking' time for reasoning models, and output speed

End-to-End Response Time

Seconds to output 500 tokens, including reasoning model 'thinking' time · Lower is better

Seconds to receive a 500 token response. Key components:

Input time: Time to receive the first response token
Thinking time (only for reasoning models): Time reasoning models spend outputting tokens to reason prior to providing an answer. Amount of tokens based on the average reasoning tokens across a diverse set of 60 prompts (methodology details).
Answer time: Time to generate 500 output tokens, based on output speed

Figures represent performance of the model's first-party API or the median across providers where a first-party API is not available.

Model Size (Open Weights Models Only)

Model Size: Total and Active Parameters

Comparison between total model parameters and parameters active during inference (billions)

The total number of trainable weights and biases in the model, expressed in billions. These parameters are learned during training and determine the model's ability to process and generate responses.

The number of parameters actually executed during each inference forward pass, expressed in billions. For Mixture of Experts (MoE) models, a routing mechanism selects a subset of experts per token, resulting in fewer active than total parameters. Dense models use all parameters, so active equals total.

Frequently Asked Questions

Both models score 19 (estimated for MiniMax-M2 and GLM-4.6 (Reasoning)) on the Artificial Analysis Intelligence Index.

MiniMax-M2 is faster. MiniMax-M2 generates 69.1 tokens per second, compared with GLM-4.6 (Reasoning) at 34.6 tokens per second.

MiniMax-M2 is cheaper. MiniMax-M2 costs $0.39 per 1M tokens, compared with GLM-4.6 (Reasoning) at $0.41 per 1M tokens (7:2:1 cache hit/input/output ratio).

MiniMax-M2 has lower latency. MiniMax-M2 has a time to first token of 1.51s, compared with GLM-4.6 (Reasoning) at 3.10s.

Both models have a context window of 200k tokens.

MiniMax-M2 vs. GLM-4.6 (Reasoning)

Intelligence

Speed

Cost per Task

Intelligence

Artificial Analysis Intelligence Index

Artificial Analysis Intelligence Index

Artificial Analysis Intelligence Index by Open Weights / Proprietary

Artificial Analysis Intelligence Index

Open Weights

Intelligence Index vs. Cost per Intelligence Index Task

Cost per Intelligence Index Task

Artificial Analysis Intelligence Index

Benchmarks

Intelligence Evaluations

Intelligence Evaluation Relevance

Artificial Analysis Intelligence Index

AA-Omniscience

AA-Omniscience Index

AA-Omniscience Index

Openness Index

Artificial Analysis Openness Index: Score

Intelligence Index Comparisons

Intelligence Index vs. Cost per Intelligence Index Task

Cost per Intelligence Index Task

Artificial Analysis Intelligence Index

Cost

Cost per Intelligence Index Task

Cost per Intelligence Index Task

Cost to Run Artificial Analysis Intelligence Index

Cost to Run Artificial Analysis Intelligence Index

Pricing: Cache Hit, Input, and Output

Cache Hit

Context Window

Context Window

Context Window for RAG

Context Window

Speed

Output Speed

Output Speed

Model Performance Representation

Time per Intelligence Index Task

Time per Intelligence Index Task

Latency

Latency: Time To First Answer Token

Time to First Answer Token

End-to-End Response Time

End-to-End Response Time

End-to-End Response Time

Model Performance Representation

Model Size (Open Weights Models Only)

Model Size: Total and Active Parameters

Total Parameters

Active Parameters at Inference Time

Frequently Asked Questions

Which is more intelligent, MiniMax-M2 or GLM-4.6 (Reasoning)?

Which is faster, MiniMax-M2 or GLM-4.6 (Reasoning)?

Which is cheaper, MiniMax-M2 or GLM-4.6 (Reasoning)?

Which has lower latency, MiniMax-M2 or GLM-4.6 (Reasoning)?

Which has a larger context window, MiniMax-M2 or GLM-4.6 (Reasoning)?