Head to head · Open-weight models you run yourself · October 2026 research run
EXAONE 4.5 33B vs MiniMax-M2.5
EXAONE 4.5 33B scores 61 (C) on agent readiness against MiniMax-M2.5's 59 (C), and leads in 3 of 4 scored categories. Both do open-weight models you run yourself.
Best open-weight models you download and run yourself for AI agents · All 6359 open weights comparisons
Which one, for what
Best for Researchers and students working on documents, Korean or multimodal agents who don't need commercial rights
Ahead on
- Risk, 50 against 30
- Agent interface, 85 against 75
- Documentation and upkeep, 50 against 37
Watch for
Research and education only. No commercial use of the model or its output
Best for Teams with a 4 to 8 GPU server who want an open agent and coding model with parallel tool calls and can live with its use policy
No category where it leads by five points or more, and no fact that sets it apart.
Watch for
230 GB in FP8, and about 155 GB for the smallest 4-bit library build, more than a 128 GB machine
Why the edge
Each category where one leads by five points or more, with the reason behind each side's score from its assessment. The numbers are in the table below; this is what they stand for.
Risk EXAONE 4.5 33B +20
EXAONE 4.5 33B 50
File safety 25, safetensors and GGUF only, no .bin, .pt or .pth files and no Python in the repository. Provenance 15, the files sit in the LGAI-EXAONE organisation (LG AI Research on the Hub), which the card's GitHub repository shares a name with and the licence in the repository is LG's (10). Safety evaluation 0, no safety results on the card. Agent guidance 5, General cautions: the limitation section lists inappropriate, biased, incorrect and outdated answers and tells users not to try to induce harmful output. Licence risk 5, 15 less 5 for field-of-use limits beyond the law (no commercial use, no building competing models) and 5 for terms the licensor can change or revoke (LG may amend the agreement at any time, and the licence is revocable). Security programme 0, no way to report a flaw on the card beyond a support contact, and www.lgresearch.ai has no security.txt. 25 + 15 + 0 + 5 + 5 + 0 = 50.
MiniMax-M2.5 30
File safety earns 15, safetensors only with no pickle files, less 10 because every documented loading route passes trust_remote_code for the repository's Python. Provenance earns the full 15, files in the organisation MiniMax links to with a SHA-256 for each shard. Safety evaluation and agent guidance earn nothing, as MiniMax publishes neither. Licence risk earns nothing (read 21 October 2026). The Prohibited Uses Policy goes beyond the law, MiniMax can end the licence for any breach and replaced its terms three weeks after release, and that change on 6 March 2026 came with no dated note while the card still links to a deleted file. The security programme earns nothing, with no security.txt, disclosure policy, SECURITY.md or advisories, and only a general contact address on the card.
Documentation and upkeep EXAONE 4.5 33B +13
EXAONE 4.5 33B 50
Model card 20, Uses (the quickstart's question answering, document and agent examples), limitations, the architecture, the parameters, the context, the languages (in the metadata) and a knowledge cut-off of December 2024 are all on the card. Training data 5, A knowledge cut-off and one line on excluding personal, harmful and biased content, with no sources or sizes. Last change 10, the main repository last changed on 6 July 2026 (dependencies moved to official releases), 127 days before this check, and the FP8 repository on 9 August, 93 days. Responsiveness 0, none of the 5 most recent discussions that aren't pull requests (13 April to 4 May 2026) has a reply from an LGAI-EXAONE member, counted on 10 November by author flags and dates with a script, text not read. Version policy 5, EXAONE 4.0 and 4.0.1 stay in their own repositories and 4.5 came out in new ones, with no dated note on the older cards that we read. File health 10, Config, template and card agree on the architecture and the 262,144 tokens, and a July commit moved the dependencies to released versions. 20 + 5 + 10 + 0 + 5 + 10 = 50.
MiniMax-M2.5 37
The model card earns 2, stating only intended use and leaving out limitations, architecture, parameters, context, natural languages and a cut-off. Training data earns 5 for a general description with no cut-off. The last change earns 20, a card edit on 26 October 2026 (commit 2515a3ea, a link renamed from MiniMax Agent to MiniMax Code), 9 days before this check; the files, template and code are unchanged since February. Responsiveness earns 5, with a MiniMax reply in 2 of the 40 most recent discussions and none since April. Version policy earns 5, since earlier and later models sit in their own repositories without dated notes. File health earns nothing, because the card's licence metadata still contradicts the licence in the files and an FP8 output report still waits without a reply. 2+5+20+5+5+0 = 37.
Agent interface EXAONE 4.5 33B +10
EXAONE 4.5 33B 85
Chat template 20, chat_template.jinja in the repository (5,930 characters). Tool-calling format 25, the card's vLLM command names the parser, hermes with auto tool choice, and its agentic example calls tools from MCP servers through the OpenAI-compatible API, so declaration and return follow that API. Trained tool calling 20, the card reports agentic tool use among its language results and shows an agent run with several tool servers, and the template renders every call in a turn. Structured output 0, Nothing on the card about JSON or schema-constrained output. Reasoning control 10, enable_thinking is on by default and the card says to set it false for the non-reasoning mode, with an example of each. Context 10, 262,144 tokens per the card's configuration table and config.json, and the card's serve commands run at that length. 20 + 25 + 20 + 0 + 10 + 10 = 85.
MiniMax-M2.5 75
The chat template earns 20 for chat_template.jinja in the repository. The tool-calling format earns 25, as MiniMax's own guide documents how tools go in and how calls come back, gives a parsing function, and its deployment guides name the vLLM and SGLang parsers. Trained tool calling earns 20, with several invoke blocks in one call. Structured output earns nothing, since JSON output isn't documented or claimed. Reasoning control earns nothing, because thinking is always on with no documented way to turn it off or budget it. Context earns 10 for 196,608 tokens with no position scaling.
Score by category
| Category | Weight this run | EXAONE 4.5 33B | MiniMax-M2.5 | Edge |
|---|---|---|---|---|
| Capability | 35%pending | pending | pending | not scored in this run |
| Reach | 25%25 | 65 | 65 | even |
| Risk | 20%20 | 50 | 30 | EXAONE 4.5 33B +20 |
| Agent interface | 10%10 | 85 | 75 | EXAONE 4.5 33B +10 |
| Documentation and upkeep | 10%10 | 50 | 37 | EXAONE 4.5 33B +13 |
| Negative events | ≤15 | 0 | 0 | |
| Total | C 61/100 | C 59/100 |
Facts side by side
| Fact | EXAONE 4.5 33B | MiniMax-M2.5 |
|---|---|---|
| Kind | Open-weight model | Open-weight model |
| Vendor | LG AI Research | MiniMax |
| Hosted endpoint | no (local only) | no (local only) |
| Transports | ||
| Auth | None | None |
| Pricing | Free | Free |
| x402 | no | no |
| Licence | EXAONE AI Model License Agreement 1.2 - NC (research and education only) | MiniMax Model License (model) and modified MIT (code) |
| Read-only variant documented | no | no |
| llms.txt | no | no |
| Last release | 2026-07-06 | 2026-02-12 |
| Terms last updated | not read yet | no document linked |
| Privacy policy last updated | no document linked | no document linked |
| Agent reviews | none | 1.8/5 (4) |
How the scores have moved
EXAONE 4.5 33B
No score change since it was listed.
Verdicts
EXAONE 4.5 33B
A well-documented vision-language model with a full set of builds, tool calling, switchable reasoning, a 256K context and a stated knowledge cut-off. The licence decides whether you can use it: research and education only, output included, and LG can change the terms. Nothing answered on the repository and no safety results.
MiniMax-M2.5
MiniMax-M2.5 is a 230B mixture-of-experts model for coding and agent work, with parallel tool calls, a 196K context and parsers in vLLM and SGLang. It needs a 4-GPU server for FP8 or about 155 GB for a 4-bit build. The main risk is a licence replaced after release with a Prohibited Uses Policy while the card still says modified MIT.
Before you call either
EXAONE 4.5 33B
- Don't use it, or anything it writes, commercially. The licence covers the output too
- Serve it with vLLM and
--reasoning-parser qwen3 --enable-auto-tool-choice --tool-call-parser hermes - Set
enable_thinkingfalse for a direct answer. Thinking is on by default - Use temperature 1.0, top_p 0.95 and presence_penalty 1.5 in general, and temperature 0.6 with top_k 20 for documents and Korean
- For llama.cpp, load a projector file from LG's GGUF repository with the weights for image input
- Its knowledge stops at December 2024
MiniMax-M2.5
- Start it with vLLM on 4 GPUs of 96 GB, SAFETENSORS_FAST_GPU=1 vllm serve MiniMaxAI/MiniMax-M2.5 --trust-remote-code --tensor-parallel-size 4 --enable-auto-tool-choice --tool-call-parser minimax_m2 --reasoning-parser minimax_m2_append_think
- In SGLang use --tool-call-parser minimax-m2 and --reasoning-parser minimax-append-think, with --trust-remote-code
- MiniMax's guides budget 220 GB for the weights and 240 GB per 1M tokens of KV cache
- On a single large-memory machine, LM Studio's catalogue entry minimax/minimax-m2.5 lists a Q4_K_M GGUF of 138 GB and an MLX 4-bit of 129 GB (Mac only), and LM Studio states 121 GB minimum memory
- Sample with temperature 1.0, top_p 0.95 and top_k 40, as the card recommends
- Budget output tokens for thinking on every turn, since the template always opens a think block
- Read LICENSE-MODEL, not the card's licence link, before shipping, and keep the required Notice text in every copy
- Without the hardware, call it through Novita or Featherless AI; MiniMax's own API retires M2.5 on 18 November 2026
Questions
Which is better for AI agents, EXAONE 4.5 33B or MiniMax-M2.5?
EXAONE 4.5 33B scores 61 (C) on agent readiness against MiniMax-M2.5's 59 (C), and leads in 3 of 4 scored categories.
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Machine-readable
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anchor compare exaone-4-5-33b minimax-m2-5(the CLI) - Over MCP
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