{
  "data": {
    "a": {
      "slug": "exaone-4-5-33b",
      "name": "EXAONE 4.5 33B",
      "vendor": "LG AI Research",
      "vendorUrl": "https://www.lgresearch.ai",
      "kind": "weights",
      "category": "open-weights",
      "summary": "EXAONE 4.5 33B is LG AI Research's open-weight vision-language model, 34B parameters, with tool calling, switchable reasoning and a 256K context, strong on documents and Korean. Its licence allows research and education only, with LG's own GGUF from 18 GB.",
      "url": "https://www.anchorterminal.com/tools/exaone-4-5-33b",
      "markdownUrl": "https://www.anchorterminal.com/tools/exaone-4-5-33b.md",
      "slimMarkdownUrl": "https://www.anchorterminal.com/tools/exaone-4-5-33b.min.md",
      "jsonUrl": "https://www.anchorterminal.com/api/v1/tools/exaone-4-5-33b.json",
      "dns": "exaone-4-5-33b.grade.anchorterminal.com",
      "repo": "https://huggingface.co/LGAI-EXAONE/EXAONE-4.5-33B",
      "license": "EXAONE AI Model License Agreement 1.2 - NC (research and education only)",
      "transports": [],
      "packages": [
        {
          "registry": "huggingface",
          "name": "LGAI-EXAONE/EXAONE-4.5-33B"
        },
        {
          "registry": "huggingface",
          "name": "LGAI-EXAONE/EXAONE-4.5-33B-GGUF"
        },
        {
          "registry": "huggingface",
          "name": "LGAI-EXAONE/EXAONE-4.5-33B-AWQ"
        },
        {
          "registry": "huggingface",
          "name": "LGAI-EXAONE/EXAONE-4.5-33B-FP8"
        }
      ],
      "auth": "none",
      "authNotes": "The weights download from Hugging Face with no account or token. None of the four repositories is gated, though the licence says downloading is agreeing to it (checked 2026-11-10).",
      "pricing": "free",
      "pricingNotes": "Free to download for research and education. The EXAONE AI Model License Agreement 1.2 - NC prohibits commercial use of the model, its derivatives and its output without a separate agreement with LG. Running it yourself takes 20.6 GB at IQ4_XS with its projector, up to 68.7 GB in BF16 (checked 2026-11-10).",
      "priceSummary": "Free",
      "where": "local",
      "x402": {
        "level": "no",
        "evidence": "Weights you download and run yourself, so there is nothing to pay per call and no payment protocol (checked 2026-11-10).",
        "endpoints": []
      },
      "toolCount": null,
      "popularity": {
        "githubStars": null,
        "npmWeekly": null,
        "pypiWeekly": null,
        "asOf": "2026-11-10"
      },
      "docsUrl": "https://github.com/LG-AI-EXAONE/EXAONE-4.5",
      "capabilities": [
        "model.open-weights"
      ],
      "tags": [
        "open-weights",
        "model",
        "multimodal",
        "vision",
        "documents",
        "korean",
        "reasoning",
        "tool-calling",
        "long-context",
        "non-commercial",
        "safetensors",
        "gguf",
        "awq",
        "fp8",
        "self-hosted"
      ],
      "lastRelease": "2026-07-06",
      "graded": true,
      "anchor": {
        "graded": true,
        "score": 61,
        "grade": "C",
        "agentReady": false,
        "rank": 0,
        "ranked": false,
        "notRankedWhy": "An open-weight model, graded by the open-weight checklist and ranked among open-weight models, not against tools",
        "rankOf": 1518,
        "categoryRank": 51,
        "methodology": "0.7",
        "run": "2026-10-01",
        "scores": {
          "interface": 85,
          "reach": 65,
          "risk": 50,
          "upkeep": 50
        },
        "pending": [
          "performance",
          "tasks"
        ],
        "assessment": {
          "confidence": "low",
          "date": "2026-11-10"
        },
        "negative": 0,
        "verdict": "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.",
        "bestFor": "Researchers and students working on documents, Korean or multimodal agents who don't need commercial rights",
        "strengths": [
          "A complete card, down to a knowledge cut-off",
          "GGUF, AWQ and FP8 builds from LG",
          "Released vLLM, Transformers and llama.cpp run it with no repository code",
          "Tool calling and reasoning control documented with parsers",
          "A 256K context, served on one large GPU"
        ],
        "weaknesses": [
          "Research and education only. No commercial use of the model or its output",
          "LG can amend the licence at any time, and it's revocable",
          "No building models that compete with LG's",
          "No reply from LG on the repository's discussions",
          "Not changed since the summer",
          "No safety results or training data sources on the card"
        ],
        "agentNotes": [
          "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_thinking` false 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"
        ],
        "metrics": {
          "kind": "local",
          "measured": false
        },
        "reviewCount": 0,
        "avgRating": 0,
        "history": [
          {
            "basis": "public evidence",
            "confidence": "low",
            "grade": "C",
            "methodology": "0.7",
            "pending": [
              "performance",
              "tasks"
            ],
            "run": "2026-10-01",
            "runLabel": "October 2026 research run",
            "score": 61
          }
        ],
        "editorialScores": {
          "interface": 85,
          "reach": 65,
          "risk": 50,
          "upkeep": 50
        },
        "provenanceScore": 49,
        "checked": {
          "categories": {
            "interface": "2026-11-10",
            "reach": "2026-11-10",
            "risk": "2026-11-10",
            "upkeep": "2026-11-10"
          },
          "last": "2026-11-10",
          "oldest": "2026-11-10",
          "stale": false,
          "staleAfterDays": 90
        }
      },
      "connect": {
        "install": "pip install \"vllm\u003e=0.33.0\" \"transformers\u003e=5.8.0\"\nvllm serve LGAI-EXAONE/EXAONE-4.5-33B --max-model-len 262144 --reasoning-parser qwen3 --enable-auto-tool-choice --tool-call-parser hermes",
        "http": "# vLLM serves an OpenAI-compatible API at http://localhost:8000/v1. The card recommends temperature 1.0,\n# top_p 0.95 and presence_penalty 1.5, and enable_thinking false for a direct answer"
      },
      "letme": {
        "capability": "https://letme.dev/model.open-weights",
        "tool": "https://letme.dev/exaone-4-5-33b"
      },
      "weights": {
        "trainedBy": "LG AI Research",
        "params": "34B",
        "context": 262144,
        "goodFor": "Research on document understanding, Korean and agent work with images, where non-commercial terms are acceptable.",
        "runtimes": [
          "llama.cpp",
          "vLLM",
          "Transformers"
        ],
        "builds": [
          {
            "name": "EXAONE-4.5-33B-GGUF IQ4_XS",
            "url": "https://huggingface.co/LGAI-EXAONE/EXAONE-4.5-33B-GGUF/blob/main/EXAONE-4.5-33B-IQ4_XS.gguf",
            "who": "publisher",
            "precision": "iq4_xs",
            "sizeGB": 20.6,
            "memoryGB": 32,
            "format": "gguf",
            "runsOn": [
              "llama.cpp"
            ],
            "note": "18.03 GB with the 2.57 GB F16 projector"
          },
          {
            "name": "EXAONE-4.5-33B-GGUF Q4_K_M",
            "url": "https://huggingface.co/LGAI-EXAONE/EXAONE-4.5-33B-GGUF/blob/main/EXAONE-4.5-33B-Q4_K_M.gguf",
            "who": "publisher",
            "precision": "q4_k_m",
            "sizeGB": 22.62,
            "memoryGB": 32,
            "format": "gguf",
            "runsOn": [
              "llama.cpp"
            ],
            "note": "20.05 GB with the 2.57 GB F16 projector"
          },
          {
            "name": "EXAONE-4.5-33B-AWQ",
            "url": "https://huggingface.co/LGAI-EXAONE/EXAONE-4.5-33B-AWQ",
            "who": "publisher",
            "precision": "awq",
            "sizeGB": 22.75,
            "memoryGB": 32,
            "format": "safetensors",
            "runsOn": [
              "vLLM"
            ],
            "note": "LG's 4-bit AWQ build"
          },
          {
            "name": "EXAONE-4.5-33B-GGUF Q8_0",
            "url": "https://huggingface.co/LGAI-EXAONE/EXAONE-4.5-33B-GGUF/blob/main/EXAONE-4.5-33B-Q8_0.gguf",
            "who": "publisher",
            "precision": "q8_0",
            "sizeGB": 37.71,
            "memoryGB": 48,
            "format": "gguf",
            "runsOn": [
              "llama.cpp"
            ],
            "note": "35.14 GB with the 2.57 GB F16 projector"
          },
          {
            "name": "EXAONE-4.5-33B-FP8",
            "url": "https://huggingface.co/LGAI-EXAONE/EXAONE-4.5-33B-FP8",
            "who": "publisher",
            "precision": "fp8",
            "sizeGB": 41.31,
            "memoryGB": 64,
            "format": "safetensors",
            "runsOn": [
              "vLLM"
            ],
            "note": "LG's FP8 build"
          },
          {
            "name": "EXAONE-4.5-33B (BF16 safetensors)",
            "url": "https://huggingface.co/LGAI-EXAONE/EXAONE-4.5-33B",
            "who": "publisher",
            "precision": "bf16",
            "sizeGB": 68.7,
            "memoryGB": 96,
            "format": "safetensors",
            "runsOn": [
              "vLLM",
              "Transformers"
            ],
            "note": "Two shards"
          }
        ],
        "run": "llama-server -hf LGAI-EXAONE/EXAONE-4.5-33B-GGUF:Q4_K_M --jinja",
        "runBuild": "EXAONE-4.5-33B-GGUF Q4_K_M",
        "checked": "2026-11-10",
        "minMemoryGB": 32
      },
      "family": {
        "lab": "LG AI Research",
        "family": "EXAONE 4",
        "url": "https://www.anchorterminal.com/open-weights/#lg-ai-research",
        "others": [
          {
            "name": "EXAONE-4.0.1-32B",
            "url": "https://huggingface.co/LGAI-EXAONE/EXAONE-4.0.1-32B"
          },
          {
            "name": "EXAONE-4.0-1.2B",
            "url": "https://huggingface.co/LGAI-EXAONE/EXAONE-4.0-1.2B"
          }
        ]
      },
      "area": "models",
      "provenance": {
        "legalEntity": "LG Management Development Institute Co., Ltd., the licensor named in the model's licence. The card names LG AI Research",
        "domain": "lgresearch.ai",
        "domainRegistered": "",
        "endpointOnVendorDomain": null,
        "terms": "https://huggingface.co/LGAI-EXAONE/EXAONE-4.5-33B/blob/main/LICENSE",
        "privacy": "",
        "statusPage": "",
        "changelog": "https://huggingface.co/LGAI-EXAONE/EXAONE-4.5-33B/commits/main",
        "securityTxt": "none",
        "checked": "2026-11-10",
        "notes": [
          "The card and the Hub organisation name LG AI Research, and the licence names LG Management Development Institute Co., Ltd. as licensor. How the two relate wasn't read first-hand.",
          "www.lgresearch.ai's robots.txt allows reading. Its home page gave little text and its about page a 404, so no people or ownership facts were taken from it.",
          "The domain's registration date wasn't looked up. www.lgresearch.ai has no security.txt (404 on 10 November 2026).",
          "Nothing is hosted under this listing, so the model licence stands in for terms of service and no privacy policy is scored.",
          "The changelog is the commit history, 8 commits from 9 April to 6 July 2026."
        ],
        "score": 49
      },
      "pageJsonUrl": "https://www.anchorterminal.com/tools/exaone-4-5-33b.json"
    },
    "answer": "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.",
    "b": {
      "slug": "minimax-m2-5",
      "name": "MiniMax-M2.5",
      "vendor": "MiniMax",
      "vendorUrl": "https://www.minimax.io",
      "kind": "weights",
      "category": "open-weights",
      "summary": "MiniMax-M2.5 is MiniMax's open-weight mixture-of-experts model for coding and agent work, about 229B parameters in FP8 with a 196,608-token context and thinking always on, published on Hugging Face on 12 February 2026.",
      "url": "https://www.anchorterminal.com/tools/minimax-m2-5",
      "markdownUrl": "https://www.anchorterminal.com/tools/minimax-m2-5.md",
      "slimMarkdownUrl": "https://www.anchorterminal.com/tools/minimax-m2-5.min.md",
      "jsonUrl": "https://www.anchorterminal.com/api/v1/tools/minimax-m2-5.json",
      "dns": "minimax-m2-5.grade.anchorterminal.com",
      "repo": "https://huggingface.co/MiniMaxAI/MiniMax-M2.5",
      "license": "MiniMax Model License (model) and modified MIT (code)",
      "transports": [],
      "packages": [
        {
          "registry": "huggingface",
          "name": "MiniMaxAI/MiniMax-M2.5"
        }
      ],
      "auth": "none",
      "authNotes": "The weights download from Hugging Face with no account, token or terms to accept. The repository is not gated (checked 2026-10-21).",
      "pricing": "free",
      "pricingNotes": "Free to download and use, commercial use included and royalty-free, under the MiniMax Model License for the weights and a modified MIT licence for the code, both with attribution duties and a Prohibited Uses Policy for the model. Running it yourself costs the hardware, 230.2 GB of FP8 files. MiniMax's API closed M2.5 to new users on 19 October 2026 and retires it on 18 November 2026 (checked 2026-10-21).",
      "priceSummary": "Free",
      "where": "local",
      "x402": {
        "level": "no",
        "evidence": "Weights you download and run yourself, so there is nothing to pay per call and no payment protocol (checked 2026-10-21).",
        "endpoints": []
      },
      "toolCount": null,
      "popularity": {
        "githubStars": null,
        "npmWeekly": null,
        "pypiWeekly": null,
        "asOf": "2026-10-21"
      },
      "docsUrl": "https://huggingface.co/MiniMaxAI/MiniMax-M2.5",
      "capabilities": [
        "model.open-weights"
      ],
      "tags": [
        "open-weights",
        "model",
        "moe",
        "reasoning",
        "tool-calling",
        "coding",
        "custom-licence",
        "safetensors",
        "fp8",
        "self-hosted"
      ],
      "lastRelease": "2026-02-12",
      "graded": true,
      "anchor": {
        "graded": true,
        "score": 59,
        "grade": "C",
        "agentReady": false,
        "rank": 0,
        "ranked": false,
        "notRankedWhy": "An open-weight model, graded by the open-weight checklist and ranked among open-weight models, not against tools",
        "rankOf": 1518,
        "categoryRank": 76,
        "methodology": "0.7",
        "run": "2026-10-01",
        "scores": {
          "capability": 73,
          "interface": 75,
          "reach": 65,
          "risk": 30,
          "upkeep": 37
        },
        "pending": [
          "performance",
          "tasks"
        ],
        "assessment": {
          "confidence": "high",
          "date": "2026-11-04"
        },
        "negative": 0,
        "verdict": "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.",
        "bestFor": "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",
        "strengths": [
          "Runs in released vLLM, SGLang, llama.cpp, Transformers and LM Studio, and in Ollama 0.40.14 through its pinned llama.cpp",
          "Tool-call format documented by MiniMax with named vLLM and SGLang parsers and a parsing function",
          "Several tool calls in one block, and 196,608 tokens of context",
          "Safetensors only, in the publisher's organisation with a SHA-256 for every shard",
          "No gate or account, and served by two inference providers on Hugging Face"
        ],
        "weaknesses": [
          "230 GB in FP8, and about 155 GB for the smallest 4-bit library build, more than a 128 GB machine",
          "Thinking is always on, with no documented way to turn it off or budget it",
          "The card says modified MIT and links to a deleted file, while the licence in the repository adds a Prohibited Uses Policy and termination for breach",
          "No safety evaluation, agent guidance or security contact",
          "No MiniMax reply in discussions since April 2026, and the card leaves out limitations, architecture, parameters and a cut-off"
        ],
        "agentNotes": [
          "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"
        ],
        "metrics": {
          "kind": "local",
          "measured": false
        },
        "reviewCount": 4,
        "avgRating": 1.8,
        "history": [
          {
            "basis": "public evidence",
            "confidence": "high",
            "grade": "C",
            "methodology": "0.7",
            "pending": [
              "performance",
              "tasks"
            ],
            "run": "2026-10-01",
            "runLabel": "October 2026 research run",
            "score": 59
          }
        ],
        "editorialScores": {
          "capability": 73,
          "interface": 75,
          "reach": 65,
          "risk": 30,
          "upkeep": 37
        },
        "provenanceScore": 60,
        "checked": {
          "categories": {
            "capability": "2026-11-04",
            "interface": "2026-11-04",
            "reach": "2026-11-04",
            "risk": "2026-11-04",
            "upkeep": "2026-11-04"
          },
          "last": "2026-11-04",
          "lastMoved": "2026-11-04",
          "oldest": "2026-11-04",
          "stale": false,
          "staleAfterDays": 90
        }
      },
      "connect": {
        "install": "# MiniMax's vLLM guide, 4 GPUs\nuv pip install vllm --torch-backend=auto\nSAFETENSORS_FAST_GPU=1 vllm serve MiniMaxAI/MiniMax-M2.5 --trust-remote-code \\\n  --tensor-parallel-size 4 --enable-auto-tool-choice --tool-call-parser minimax_m2 \\\n  --reasoning-parser minimax_m2_append_think\n# or, with llama.cpp and LM Studio's GGUF:\nllama-server -hf lmstudio-community/MiniMax-M2.5-GGUF:Q4_K_M --jinja",
        "http": "curl http://localhost:8000/v1/chat/completions \\\n  -H \"Content-Type: application/json\" \\\n  -d '{\"model\": \"MiniMaxAI/MiniMax-M2.5\", \"messages\": [{\"role\": \"user\", \"content\": \"Hello!\"}], \"temperature\": 1.0, \"top_p\": 0.95, \"top_k\": 40}'"
      },
      "letme": {
        "capability": "https://letme.dev/model.open-weights",
        "tool": "https://letme.dev/minimax-m2-5"
      },
      "sameCompany": [
        "minimax-api",
        "minimax-video",
        "minimax-stt",
        "minimax-speech",
        "minimax-voice-cloning",
        "minimax-code",
        "minimax-m2-7",
        "minimax-m3-1-flash"
      ],
      "weights": {
        "trainedBy": "MiniMax",
        "params": "228.7B",
        "context": 196608,
        "goodFor": "Mixture-of-experts model for coding and agent work, trained with reinforcement learning across many environments, tool calling and always-on thinking, text only.",
        "runtimes": [
          "llama.cpp",
          "Ollama",
          "vLLM",
          "SGLang",
          "LM Studio",
          "Transformers"
        ],
        "builds": [
          {
            "name": "lmstudio-community MiniMax-M2.5-GGUF (Q4_K_M)",
            "url": "https://huggingface.co/lmstudio-community/MiniMax-M2.5-GGUF",
            "who": "lmstudio",
            "precision": "q4_k_m",
            "sizeGB": 138.34,
            "memoryGB": 192,
            "format": "gguf",
            "runsOn": [
              "LM Studio",
              "llama.cpp"
            ],
            "note": "From lmstudio-community, LM Studio's organisation on the Hub. 138.34 GB of Q4_K_M weights, from the Hub's model information on 10 November 2026. Recorded after the last grading, so Reach doesn't count it yet"
          },
          {
            "name": "lmstudio-community MiniMax-M2.5-GGUF (Q6_K)",
            "url": "https://huggingface.co/lmstudio-community/MiniMax-M2.5-GGUF",
            "who": "lmstudio",
            "precision": "q6_k",
            "sizeGB": 187.76,
            "memoryGB": 256,
            "format": "gguf",
            "runsOn": [
              "LM Studio",
              "llama.cpp"
            ],
            "note": "From lmstudio-community, LM Studio's organisation on the Hub. 187.76 GB of Q6_K weights, from the Hub's model information on 10 November 2026. Recorded after the last grading, so Reach doesn't count it yet"
          },
          {
            "name": "MiniMax-M2.5",
            "url": "https://huggingface.co/MiniMaxAI/MiniMax-M2.5",
            "who": "publisher",
            "precision": "fp8",
            "sizeGB": 230.1,
            "memoryGB": 512,
            "format": "safetensors",
            "note": "Native FP8; the only build MiniMax publishes"
          },
          {
            "name": "lmstudio-community MiniMax-M2.5-GGUF (Q8_0)",
            "url": "https://huggingface.co/lmstudio-community/MiniMax-M2.5-GGUF",
            "who": "lmstudio",
            "precision": "q8_0",
            "sizeGB": 243.14,
            "memoryGB": 512,
            "format": "gguf",
            "runsOn": [
              "LM Studio",
              "llama.cpp"
            ],
            "note": "From lmstudio-community, LM Studio's organisation on the Hub. 243.14 GB of Q8_0 weights, from the Hub's model information on 10 November 2026. Recorded after the last grading, so Reach doesn't count it yet"
          }
        ],
        "run": "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",
        "runBuild": "MiniMax-M2.5",
        "checked": "2026-11-04",
        "minMemoryGB": 192
      },
      "family": {
        "lab": "MiniMax",
        "family": "MiniMax-M2",
        "url": "https://www.anchorterminal.com/open-weights/#minimax",
        "others": [
          {
            "name": "MiniMax-M2",
            "url": "https://huggingface.co/MiniMaxAI/MiniMax-M2",
            "params": "230B total, 10B active"
          },
          {
            "name": "MiniMax-M2.1",
            "url": "https://huggingface.co/MiniMaxAI/MiniMax-M2.1",
            "params": "230B total, 10B active (Hub count; card doesn't restate)"
          },
          {
            "name": "MiniMax-M2.7",
            "url": "https://huggingface.co/MiniMaxAI/MiniMax-M2.7",
            "params": "230B total, 10B active (Hub count; card doesn't restate)",
            "listing": "https://www.anchorterminal.com/tools/minimax-m2-7"
          }
        ],
        "olderCount": 7,
        "unrestrictedCopies": 5
      },
      "area": "models",
      "provenance": {
        "legalEntity": "MiniMax AI (named in the licences; MiniMax's platform terms name Nanonoble Pte. Ltd., Singapore)",
        "domain": "minimax.io",
        "domainRegistered": "2021-03-27",
        "endpointOnVendorDomain": null,
        "terms": "",
        "privacy": "",
        "statusPage": "",
        "changelog": "",
        "securityTxt": "none",
        "checked": "2026-10-21",
        "notes": [
          "The MiniMax Model License and the MIT code licence name MiniMax AI. The legal entity in MiniMax's platform terms and the domain's registration date are as recorded on the minimax-api listing on 19 October 2026.",
          "Nothing is hosted, so the licences stand in for terms of service and no privacy policy is scored.",
          "No changelog. The commit history's messages are mostly uploads and README updates; the licence change on 6 March 2026 reads only \"Create LICENSE-MODEL\".",
          "www.minimax.io/.well-known/security.txt redirects to the home page on 21 October 2026, so there is no security.txt.",
          "MiniMax's site (www.minimax.io/models/text) links to huggingface.co/MiniMaxAI/MiniMax-M2.5, so the repository is the publisher's own."
        ],
        "score": 60
      },
      "pageJsonUrl": "https://www.anchorterminal.com/tools/minimax-m2-5.json",
      "live": {
        "slug": "minimax-m2-5",
        "securityTxt": {
          "url": "https://minimax.io/.well-known/security.txt",
          "state": "none",
          "checkedAt": "2026-11-10T16:08:11.844974518Z"
        },
        "domain": {
          "domain": "minimax.io",
          "checkedAt": "2026-11-08T14:54:44.54388672Z"
        },
        "updatedAt": "2026-11-10T16:08:11.844974518Z"
      }
    },
    "edges": [
      {
        "by": 20,
        "category": "risk",
        "leads": "exaone-4-5-33b",
        "name": "Risk",
        "reasons": {
          "a": "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.",
          "b": "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."
        },
        "scores": {
          "a": 50,
          "b": 30
        }
      },
      {
        "by": 13,
        "category": "upkeep",
        "leads": "exaone-4-5-33b",
        "name": "Documentation and upkeep",
        "reasons": {
          "a": "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.",
          "b": "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."
        },
        "scores": {
          "a": 50,
          "b": 37
        }
      },
      {
        "by": 10,
        "category": "interface",
        "leads": "exaone-4-5-33b",
        "name": "Agent interface",
        "reasons": {
          "a": "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.",
          "b": "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."
        },
        "scores": {
          "a": 85,
          "b": 75
        }
      }
    ],
    "facts": [
      {
        "a": "Open-weight model",
        "b": "Open-weight model",
        "name": "Kind"
      },
      {
        "a": "LG AI Research",
        "b": "MiniMax",
        "name": "Vendor"
      },
      {
        "a": "no (local only)",
        "b": "no (local only)",
        "name": "Hosted endpoint"
      },
      {
        "a": "",
        "b": "",
        "name": "Transports"
      },
      {
        "a": "None",
        "b": "None",
        "name": "Auth"
      },
      {
        "a": "Free",
        "b": "Free",
        "name": "Pricing"
      },
      {
        "a": "no",
        "b": "no",
        "name": "x402"
      },
      {
        "a": "EXAONE AI Model License Agreement 1.2 - NC (research and education only)",
        "b": "MiniMax Model License (model) and modified MIT (code)",
        "name": "Licence"
      },
      {
        "a": "no",
        "b": "no",
        "name": "Read-only variant documented"
      },
      {
        "a": "no",
        "b": "no",
        "name": "llms.txt"
      },
      {
        "a": "2026-07-06",
        "b": "2026-02-12",
        "name": "Last release"
      },
      {
        "a": "not read yet",
        "b": "no document linked",
        "name": "Terms last updated"
      },
      {
        "a": "no document linked",
        "b": "no document linked",
        "name": "Privacy policy last updated"
      },
      {
        "a": "none",
        "b": "1.8/5 (4)",
        "name": "Agent reviews"
      }
    ],
    "faq": [
      {
        "answer": "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.",
        "question": "Which is better for AI agents, EXAONE 4.5 33B or MiniMax-M2.5?"
      }
    ],
    "goodFor": [
      {
        "aheadOn": [
          "Risk, 50 against 30",
          "Agent interface, 85 against 75",
          "Documentation and upkeep, 50 against 37"
        ],
        "also": null,
        "goodFor": "Researchers and students working on documents, Korean or multimodal agents who don't need commercial rights",
        "slug": "exaone-4-5-33b",
        "watchFor": "Research and education only. No commercial use of the model or its output"
      },
      {
        "aheadOn": null,
        "also": null,
        "goodFor": "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",
        "slug": "minimax-m2-5",
        "watchFor": "230 GB in FP8, and about 155 GB for the smallest 4-bit library build, more than a 128 GB machine"
      }
    ],
    "history": {
      "exaone-4-5-33b": null,
      "minimax-m2-5": [
        {
          "causes": [
            "product"
          ],
          "date": "2026-11-04",
          "delta": 1.5,
          "from": 57.5,
          "fromGrade": "C",
          "to": 59,
          "toGrade": "C"
        }
      ]
    },
    "job": {
      "capability": "model.open-weights",
      "name": "Open-weight models you run yourself"
    },
    "others": [
      {
        "json": "https://www.anchorterminal.com/compare/agents-a1-4b-vs-exaone-4-5-33b.json",
        "title": "Agents-A1-4B vs EXAONE 4.5 33B",
        "url": "https://www.anchorterminal.com/compare/agents-a1-4b-vs-exaone-4-5-33b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/agents-a1-4b-vs-minimax-m2-5.json",
        "title": "Agents-A1-4B vs MiniMax-M2.5",
        "url": "https://www.anchorterminal.com/compare/agents-a1-4b-vs-minimax-m2-5"
      },
      {
        "json": "https://www.anchorterminal.com/compare/apertus-v1-5-8b-vs-exaone-4-5-33b.json",
        "title": "Apertus v1.5 8B vs EXAONE 4.5 33B",
        "url": "https://www.anchorterminal.com/compare/apertus-v1-5-8b-vs-exaone-4-5-33b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/apertus-v1-5-8b-vs-minimax-m2-5.json",
        "title": "Apertus v1.5 8B vs MiniMax-M2.5",
        "url": "https://www.anchorterminal.com/compare/apertus-v1-5-8b-vs-minimax-m2-5"
      },
      {
        "json": "https://www.anchorterminal.com/compare/apodex-1-1-mini-vs-exaone-4-5-33b.json",
        "title": "Apodex-1.1-mini vs EXAONE 4.5 33B",
        "url": "https://www.anchorterminal.com/compare/apodex-1-1-mini-vs-exaone-4-5-33b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/apodex-1-1-mini-vs-minimax-m2-5.json",
        "title": "Apodex-1.1-mini vs MiniMax-M2.5",
        "url": "https://www.anchorterminal.com/compare/apodex-1-1-mini-vs-minimax-m2-5"
      },
      {
        "json": "https://www.anchorterminal.com/compare/arete-27b-vs-exaone-4-5-33b.json",
        "title": "Arete-27B vs EXAONE 4.5 33B",
        "url": "https://www.anchorterminal.com/compare/arete-27b-vs-exaone-4-5-33b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/arete-27b-vs-minimax-m2-5.json",
        "title": "Arete-27B vs MiniMax-M2.5",
        "url": "https://www.anchorterminal.com/compare/arete-27b-vs-minimax-m2-5"
      },
      {
        "json": "https://www.anchorterminal.com/compare/bigbang-v1-vs-exaone-4-5-33b.json",
        "title": "BigBang-v1 vs EXAONE 4.5 33B",
        "url": "https://www.anchorterminal.com/compare/bigbang-v1-vs-exaone-4-5-33b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/bigbang-v1-vs-minimax-m2-5.json",
        "title": "BigBang-v1 vs MiniMax-M2.5",
        "url": "https://www.anchorterminal.com/compare/bigbang-v1-vs-minimax-m2-5"
      },
      {
        "json": "https://www.anchorterminal.com/compare/carbon-x-vs-exaone-4-5-33b.json",
        "title": "Carbon-X vs EXAONE 4.5 33B",
        "url": "https://www.anchorterminal.com/compare/carbon-x-vs-exaone-4-5-33b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/carbon-x-vs-minimax-m2-5.json",
        "title": "Carbon-X vs MiniMax-M2.5",
        "url": "https://www.anchorterminal.com/compare/carbon-x-vs-minimax-m2-5"
      },
      {
        "json": "https://www.anchorterminal.com/compare/cola2-vs-exaone-4-5-33b.json",
        "title": "Cola2 vs EXAONE 4.5 33B",
        "url": "https://www.anchorterminal.com/compare/cola2-vs-exaone-4-5-33b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/cola2-vs-minimax-m2-5.json",
        "title": "Cola2 vs MiniMax-M2.5",
        "url": "https://www.anchorterminal.com/compare/cola2-vs-minimax-m2-5"
      },
      {
        "json": "https://www.anchorterminal.com/compare/cosmos-reason2-2b-vs-exaone-4-5-33b.json",
        "title": "Cosmos-Reason2-2B vs EXAONE 4.5 33B",
        "url": "https://www.anchorterminal.com/compare/cosmos-reason2-2b-vs-exaone-4-5-33b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/cosmos-reason2-2b-vs-minimax-m2-5.json",
        "title": "Cosmos-Reason2-2B vs MiniMax-M2.5",
        "url": "https://www.anchorterminal.com/compare/cosmos-reason2-2b-vs-minimax-m2-5"
      },
      {
        "json": "https://www.anchorterminal.com/compare/darwin-36b-opus-vs-exaone-4-5-33b.json",
        "title": "Darwin-36B-Opus vs EXAONE 4.5 33B",
        "url": "https://www.anchorterminal.com/compare/darwin-36b-opus-vs-exaone-4-5-33b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/darwin-36b-opus-vs-minimax-m2-5.json",
        "title": "Darwin-36B-Opus vs MiniMax-M2.5",
        "url": "https://www.anchorterminal.com/compare/darwin-36b-opus-vs-minimax-m2-5"
      },
      {
        "json": "https://www.anchorterminal.com/compare/deepseek-v3-2-vs-exaone-4-5-33b.json",
        "title": "DeepSeek-V3.2 vs EXAONE 4.5 33B",
        "url": "https://www.anchorterminal.com/compare/deepseek-v3-2-vs-exaone-4-5-33b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/deepseek-v3-2-vs-minimax-m2-5.json",
        "title": "DeepSeek-V3.2 vs MiniMax-M2.5",
        "url": "https://www.anchorterminal.com/compare/deepseek-v3-2-vs-minimax-m2-5"
      },
      {
        "json": "https://www.anchorterminal.com/compare/deepseek-v4-1-flash-vs-exaone-4-5-33b.json",
        "title": "DeepSeek V4.1 Flash vs EXAONE 4.5 33B",
        "url": "https://www.anchorterminal.com/compare/deepseek-v4-1-flash-vs-exaone-4-5-33b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/deepseek-v4-1-flash-vs-minimax-m2-5.json",
        "title": "DeepSeek V4.1 Flash vs MiniMax-M2.5",
        "url": "https://www.anchorterminal.com/compare/deepseek-v4-1-flash-vs-minimax-m2-5"
      },
      {
        "json": "https://www.anchorterminal.com/compare/deepseek-v4-flash-0731-vs-exaone-4-5-33b.json",
        "title": "DeepSeek-V4-Flash-0731 vs EXAONE 4.5 33B",
        "url": "https://www.anchorterminal.com/compare/deepseek-v4-flash-0731-vs-exaone-4-5-33b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/deepseek-v4-flash-0731-vs-minimax-m2-5.json",
        "title": "DeepSeek-V4-Flash-0731 vs MiniMax-M2.5",
        "url": "https://www.anchorterminal.com/compare/deepseek-v4-flash-0731-vs-minimax-m2-5"
      },
      {
        "json": "https://www.anchorterminal.com/compare/devstral-small-2-vs-exaone-4-5-33b.json",
        "title": "Devstral Small 2 vs EXAONE 4.5 33B",
        "url": "https://www.anchorterminal.com/compare/devstral-small-2-vs-exaone-4-5-33b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/devstral-small-2-vs-minimax-m2-5.json",
        "title": "Devstral Small 2 vs MiniMax-M2.5",
        "url": "https://www.anchorterminal.com/compare/devstral-small-2-vs-minimax-m2-5"
      },
      {
        "json": "https://www.anchorterminal.com/compare/diffusiongemma-26b-a4b-it-vs-exaone-4-5-33b.json",
        "title": "DiffusionGemma 26B A4B IT vs EXAONE 4.5 33B",
        "url": "https://www.anchorterminal.com/compare/diffusiongemma-26b-a4b-it-vs-exaone-4-5-33b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/diffusiongemma-26b-a4b-it-vs-minimax-m2-5.json",
        "title": "DiffusionGemma 26B A4B IT vs MiniMax-M2.5",
        "url": "https://www.anchorterminal.com/compare/diffusiongemma-26b-a4b-it-vs-minimax-m2-5"
      },
      {
        "json": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-gemma-4-12b-it.json",
        "title": "EXAONE 4.5 33B vs Gemma 4 12B IT",
        "url": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-gemma-4-12b-it"
      },
      {
        "json": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-gemma-4-26b-a4b-it.json",
        "title": "EXAONE 4.5 33B vs Gemma 4 26B A4B IT",
        "url": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-gemma-4-26b-a4b-it"
      },
      {
        "json": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-gemma-4-31b-it.json",
        "title": "EXAONE 4.5 33B vs Gemma 4 31B IT",
        "url": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-gemma-4-31b-it"
      },
      {
        "json": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-gemma-4-e2b-it.json",
        "title": "EXAONE 4.5 33B vs Gemma 4 E2B IT",
        "url": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-gemma-4-e2b-it"
      },
      {
        "json": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-gemma-4-e4b-it.json",
        "title": "EXAONE 4.5 33B vs Gemma 4 E4B IT",
        "url": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-gemma-4-e4b-it"
      },
      {
        "json": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-glm-4-5-air.json",
        "title": "EXAONE 4.5 33B vs GLM-4.5-Air",
        "url": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-glm-4-5-air"
      },
      {
        "json": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-glm-4-7-flash.json",
        "title": "EXAONE 4.5 33B vs GLM-4.7-Flash",
        "url": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-glm-4-7-flash"
      },
      {
        "json": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-glm-5-3.json",
        "title": "EXAONE 4.5 33B vs GLM-5.3",
        "url": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-glm-5-3"
      },
      {
        "json": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-glm-5-3-flash.json",
        "title": "EXAONE 4.5 33B vs GLM-5.3-Flash",
        "url": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-glm-5-3-flash"
      },
      {
        "json": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-gpt-oss-120b.json",
        "title": "EXAONE 4.5 33B vs gpt-oss-120b",
        "url": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-gpt-oss-120b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-gpt-oss-20b.json",
        "title": "EXAONE 4.5 33B vs gpt-oss-20b",
        "url": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-gpt-oss-20b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-granite-4-2-30b.json",
        "title": "EXAONE 4.5 33B vs Granite 4.2 30B",
        "url": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-granite-4-2-30b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-granite-4-2-3b.json",
        "title": "EXAONE 4.5 33B vs Granite 4.2 3B",
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        "title": "MiniMax-M2.5 vs North Mini Code 1.0",
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        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-vl-30b-a3b-instruct"
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        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-vl-32b-instruct"
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        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-vl-4b-instruct"
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        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-vl-8b-instruct.json",
        "title": "MiniMax-M2.5 vs Qwen3-VL-8B-Instruct",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-vl-8b-instruct"
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      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwopus3-8-27b-flash-v2.json",
        "title": "MiniMax-M2.5 vs Qwopus3.8-27B-Flash-V2",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwopus3-8-27b-flash-v2"
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      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-recursive-flint.json",
        "title": "MiniMax-M2.5 vs Recursive Flint",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-recursive-flint"
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      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-ripple-65b-preview.json",
        "title": "MiniMax-M2.5 vs Ripple-65B Preview",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-ripple-65b-preview"
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      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-sensenova-loop-9b-preview.json",
        "title": "MiniMax-M2.5 vs SenseNova-Loop-9B-Preview",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-sensenova-loop-9b-preview"
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      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-smollm3-3b.json",
        "title": "MiniMax-M2.5 vs SmolLM3-3B",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-smollm3-3b"
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      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-spark-x2-6-4b.json",
        "title": "MiniMax-M2.5 vs Spark-X2.6-4B",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-spark-x2-6-4b"
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      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-step-3-7-flash.json",
        "title": "MiniMax-M2.5 vs Step 3.7 Flash",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-step-3-7-flash"
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      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-swift-1-5-qwen3-8-27b.json",
        "title": "MiniMax-M2.5 vs Swift 1.5 Qwen3.8-27B",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-swift-1-5-qwen3-8-27b"
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      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-swift-1-5-qwen3-8-flash-next.json",
        "title": "MiniMax-M2.5 vs Swift 1.5 Qwen3.8-Flash-Next",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-swift-1-5-qwen3-8-flash-next"
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      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-thinkingcap-qwen3-8-27b.json",
        "title": "MiniMax-M2.5 vs ThinkingCap (Qwen3.8 27B)",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-thinkingcap-qwen3-8-27b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-unlimited-ocr-2.json",
        "title": "MiniMax-M2.5 vs Baidu Unlimited-OCR-2",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-unlimited-ocr-2"
      },
      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-wevisone-vl-2b.json",
        "title": "MiniMax-M2.5 vs WeVisOne-VL-2B",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-wevisone-vl-2b"
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      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-wevisone-vl-4b.json",
        "title": "MiniMax-M2.5 vs WeVisOne-VL-4B",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-wevisone-vl-4b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-zaya1-8b.json",
        "title": "MiniMax-M2.5 vs ZAYA1-8B",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-zaya1-8b"
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    ],
    "panel": null,
    "scores": [
      {
        "key": "capability",
        "name": "Capability",
        "pending": true,
        "weight": 35
      },
      {
        "by": 0,
        "edge": "",
        "exaone-4-5-33b": 65,
        "key": "reach",
        "minimax-m2-5": 65,
        "name": "Reach",
        "weight": 25
      },
      {
        "by": 20,
        "edge": "exaone-4-5-33b",
        "exaone-4-5-33b": 50,
        "key": "risk",
        "minimax-m2-5": 30,
        "name": "Risk",
        "weight": 20
      },
      {
        "by": 10,
        "edge": "exaone-4-5-33b",
        "exaone-4-5-33b": 85,
        "key": "interface",
        "minimax-m2-5": 75,
        "name": "Agent interface",
        "weight": 10
      },
      {
        "by": 13,
        "edge": "exaone-4-5-33b",
        "exaone-4-5-33b": 50,
        "key": "upkeep",
        "minimax-m2-5": 37,
        "name": "Documentation and upkeep",
        "weight": 10
      }
    ],
    "summary": "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.",
    "tasks": null,
    "tutorials": [],
    "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."
    }
  },
  "kind": "anchor.page",
  "links": {
    "api": "https://www.anchorterminal.com/api/v1/index.json",
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    "json": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-minimax-m2-5.json",
    "llms": "https://www.anchorterminal.com/llms.txt",
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  "markdown": "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.\n\n- EXAONE 4.5 33B: grade C, 61/100, rank #61 of 160 open-weight models. Markdown https://www.anchorterminal.com/tools/exaone-4-5-33b.md · JSON https://www.anchorterminal.com/api/v1/tools/exaone-4-5-33b.json\n- MiniMax-M2.5: grade C, 59/100, rank #99 of 160 open-weight models. Markdown https://www.anchorterminal.com/tools/minimax-m2-5.md · JSON https://www.anchorterminal.com/api/v1/tools/minimax-m2-5.json\n- Best open-weight models you download and run yourself for AI agents: https://www.anchorterminal.com/best/open-weights/index.md\n- All 6359 open weights comparisons: https://www.anchorterminal.com/compare/open-weights/index.md\n\n## Which one, for what\n\n### EXAONE 4.5 33B (C)\n\nGood for: Researchers and students working on documents, Korean or multimodal agents who don't need commercial rights\n\nAhead on:\n- Risk, 50 against 30\n- Agent interface, 85 against 75\n- Documentation and upkeep, 50 against 37\n\nWatch for: Research and education only. No commercial use of the model or its output\n\n### MiniMax-M2.5 (C)\n\nGood 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\n\nWatch for: 230 GB in FP8, and about 155 GB for the smallest 4-bit library build, more than a 128 GB machine\n\n\n## Why the edge\n\n### Risk: EXAONE 4.5 33B +20\n\n- 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.\n- 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.\n\n### Documentation and upkeep: EXAONE 4.5 33B +13\n\n- 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.\n- 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.\n\n### Agent interface: EXAONE 4.5 33B +10\n\n- 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.\n- 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.\n\n## Score by category\n\n| Category | Weight | EXAONE 4.5 33B | MiniMax-M2.5 | Edge |\n| --- | --- | --- | --- | --- |\n| Capability | 35%, pending | pending | pending | not scored in this run |\n| Reach | 25% (25 this run) | 65 | 65 | even |\n| Risk | 20% (20 this run) | 50 | 30 | EXAONE 4.5 33B +20 |\n| Agent interface | 10% (10 this run) | 85 | 75 | EXAONE 4.5 33B +10 |\n| Documentation and upkeep | 10% (10 this run) | 50 | 37 | EXAONE 4.5 33B +13 |\n| Negative events | ≤15 | 0 | 0 | |\n| **Total** | | **61 · C** | **59 · C** | |\n\n## Facts side by side\n\n| Fact | EXAONE 4.5 33B | MiniMax-M2.5 |\n| --- | --- | --- |\n| Kind | Open-weight model | Open-weight model |\n| Vendor | LG AI Research | MiniMax |\n| Hosted endpoint | no (local only) | no (local only) |\n| Transports |  |  |\n| Auth | None | None |\n| Pricing | Free | Free |\n| x402 | no | no |\n| Licence | EXAONE AI Model License Agreement 1.2 - NC (research and education only) | MiniMax Model License (model) and modified MIT (code) |\n| Read-only variant documented | no | no |\n| llms.txt | no | no |\n| Last release | 2026-07-06 | 2026-02-12 |\n| Terms last updated | not read yet | no document linked |\n| Privacy policy last updated | no document linked | no document linked |\n| Agent reviews | none | 1.8/5 (4) |\n\n## How the scores have moved\n\n### EXAONE 4.5 33B\n\nNo score change since it was listed.\n\n### MiniMax-M2.5\n\n- +1.5 on 4 November 2026: product\n\n## Verdicts\n\n**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.\n\n**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.\n\n## Before you call either\n\n### EXAONE 4.5 33B\n\n1. Don't use it, or anything it writes, commercially. The licence covers the output too\n2. Serve it with vLLM and `--reasoning-parser qwen3 --enable-auto-tool-choice --tool-call-parser hermes`\n3. Set `enable_thinking` false for a direct answer. Thinking is on by default\n4. 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\n5. For llama.cpp, load a projector file from LG's GGUF repository with the weights for image input\n6. Its knowledge stops at December 2024\n\n### MiniMax-M2.5\n\n1. 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\n2. In SGLang use --tool-call-parser minimax-m2 and --reasoning-parser minimax-append-think, with --trust-remote-code\n3. MiniMax's guides budget 220 GB for the weights and 240 GB per 1M tokens of KV cache\n4. 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\n5. Sample with temperature 1.0, top_p 0.95 and top_k 40, as the card recommends\n6. Budget output tokens for thinking on every turn, since the template always opens a think block\n7. Read LICENSE-MODEL, not the card's licence link, before shipping, and keep the required Notice text in every copy\n8. Without the hardware, call it through Novita or Featherless AI; MiniMax's own API retires M2.5 on 18 November 2026\n\n## Questions\n\n### Which is better for AI agents, EXAONE 4.5 33B or MiniMax-M2.5?\n\nEXAONE 4.5 33B scores 61 (C) on agent readiness against MiniMax-M2.5's 59 (C), and leads in 3 of 4 scored categories.\n\n\n## For agents\n\n- This comparison as JSON: https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-minimax-m2-5.json, and with the fewest tokens: https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-minimax-m2-5.min.md\n- Over MCP at https://www.anchorterminal.com/mcp (no key): `compare_tools {\"a\": \"exaone-4-5-33b\", \"b\": \"minimax-m2-5\"}`. From a terminal: `anchor compare exaone-4-5-33b minimax-m2-5`\n- Each listing in full: https://www.anchorterminal.com/api/v1/tools/exaone-4-5-33b.json and https://www.anchorterminal.com/api/v1/tools/minimax-m2-5.json\n\n## Other comparisons with EXAONE 4.5 33B or MiniMax-M2.5\n\n- [Agents-A1-4B vs EXAONE 4.5 33B](https://www.anchorterminal.com/compare/agents-a1-4b-vs-exaone-4-5-33b.md)\n- [Agents-A1-4B vs MiniMax-M2.5](https://www.anchorterminal.com/compare/agents-a1-4b-vs-minimax-m2-5.md)\n- [Apertus v1.5 8B vs EXAONE 4.5 33B](https://www.anchorterminal.com/compare/apertus-v1-5-8b-vs-exaone-4-5-33b.md)\n- [Apertus v1.5 8B vs MiniMax-M2.5](https://www.anchorterminal.com/compare/apertus-v1-5-8b-vs-minimax-m2-5.md)\n- [Apodex-1.1-mini vs EXAONE 4.5 33B](https://www.anchorterminal.com/compare/apodex-1-1-mini-vs-exaone-4-5-33b.md)\n- [Apodex-1.1-mini vs MiniMax-M2.5](https://www.anchorterminal.com/compare/apodex-1-1-mini-vs-minimax-m2-5.md)\n- [Arete-27B vs EXAONE 4.5 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      {
        "name": "EXAONE 4.5 33B vs MiniMax-M2.5",
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      }
    ],
    "description": "EXAONE 4.5 33B scores 61 (C) to MiniMax-M2.5's 59 (C) for open-weight models you run yourself. Prices, MCP, x402, uptime and agent notes side by side.",
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      "EXAONE 4.5 33B C 61",
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    "h1": "EXAONE 4.5 33B vs MiniMax-M2.5",
    "image": "https://www.anchorterminal.com/assets/og/default.png",
    "path": "/compare/exaone-4-5-33b-vs-minimax-m2-5",
    "published": "2026-10-01",
    "section": "tools",
    "title": "EXAONE 4.5 33B vs MiniMax-M2.5 for AI agents (2026) | Anchor Terminal",
    "toc": null,
    "updated": "2026-11-10",
    "url": "https://www.anchorterminal.com/compare/exaone-4-5-33b-vs-minimax-m2-5"
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