Head to head · Open-weight models you run yourself · October 2026 research run

EXAONE 4.5 33B vs MiniMax-M2.7

EXAONE 4.5 33B scores 61 (C) on agent readiness against MiniMax-M2.7's 57.6 (C), and leads in every scored category. 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

EXAONE 4.5 33B C

Best for Researchers and students working on documents, Korean or multimodal agents who don't need commercial rights

Ahead on

  • Reach, 65 against 60
  • Risk, 50 against 30
  • Agent interface, 85 against 75
  • Documentation and upkeep, 50 against 42

Watch for

Research and education only. No commercial use of the model or its output

MiniMax-M2.7 C

Best for Researchers and personal projects with a 4 to 8 GPU server who want an open agent and coding model with parallel tool calls

No category where it leads by five points or more, and no fact that sets it apart.

Watch for

Commercial use needs MiniMax's written authorisation since a licence swap on 11 April 2026, made without a note

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 Agent guidance 5, General cautions: the limitation section lists inappropriate, biased, incorrect and outdated answers and tells users not to try to induce harmful output.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-M2.7 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 appendix goes beyond the law, MiniMax swapped a commercial licence for a non-commercial one two days after release, and neither that swap nor the amendment three days later carries a dated note. The security programme earns nothing, with no security.txt, disclosure policy, SECURITY.md or advisories.

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-M2.7 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 204,800 tokens in the config with no position scaling.

Documentation and upkeep EXAONE 4.5 33B +8

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-M2.7 42

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 nothing, since only the training process is described. The last change earns 20, a card commit on 26 October 2026 that renames a MiniMax Agent link to MiniMax Code, 9 days before this check; the files, template and code last changed on 20 April 2026. Responsiveness earns 10, with a MiniMax reply in 8 of 36 discussions, none since June. Version policy earns 5, since earlier and later models sit in their own repositories without dated notes. File health earns 5, because a report that it doesn't load in Transformers v5 waits without a reply.

Reach EXAONE 4.5 33B +5

EXAONE 4.5 33B 65

Memory 20, the smallest build at 4 bits is LG's IQ4_XS GGUF, 18.03 GB with the 2.57 GB projector, and 20.60 GB × 1.2 = 24.7 GB, within 32 GB. Without the projector, for text only, it would fit 24 GB. Runtimes 15, Released vLLM 0.33.0 has exaone4_5.py, Transformers 5.22.2 has the exaone4_5 model, and llama.cpp b12242 has the architecture, with LG's own GGUF. Three at 5 each. Builds 15, LG publishes GGUF at five quantised precisions, an AWQ build and an FP8 build. Terms 5, Research and educational use only. Download 10, the Hub API reports gated false for all four repositories on 10 November 2026, so the files download with no account and no click-through, though the licence says downloading is acceptance. Hosted 0, Hugging Face maps no inference provider to it, and the card names no API that serves it. 20 + 15 + 15 + 5 + 10 + 0 = 65.

MiniMax-M2.7 60

Memory earns 5. MiniMax only publishes its 230 GB FP8 release, and the smallest build of 4-bit or better from a runtime's own library is LM Studio's Q4_K_M GGUF at 138.3 GB, about 166 GB with the fifth added, so it needs more than our 107.4 GB machine and fits within 256 GB. Runtimes earn the full 25, with model code in released vLLM, SGLang, llama.cpp and Transformers, an LM Studio catalogue entry, and Ollama 0.40.14, whose pinned llama.cpp b11963 has the minimax-m2 architecture (capped at 25). Builds earn 10 for one publisher precision, the FP8 release. Terms earn 5, since the licence today allows only personal, research and non-profit use without MiniMax's written authorisation. Download earns 10, with no gate or account. Hosted earns 5, since Novita, Featherless AI and DeepInfra serve it through Hugging Face, while MiniMax's own API is closed to new users and retires it on 18 November 2026.

Score by category

CategoryWeight this runEXAONE 4.5 33BMiniMax-M2.7Edge
Capability35%pendingpendingpendingnot scored in this run
Reach25%256560EXAONE 4.5 33B +5
Risk20%205030EXAONE 4.5 33B +20
Agent interface10%108575EXAONE 4.5 33B +10
Documentation and upkeep10%105042EXAONE 4.5 33B +8
Negative events≤1500
TotalC 61/100C 57.6/100

Facts side by side

FactEXAONE 4.5 33BMiniMax-M2.7
KindOpen-weight modelOpen-weight model
VendorLG AI ResearchMiniMax
Hosted endpointno (local only)no (local only)
Transports
AuthNoneNone
PricingFreeFree
x402nono
LicenceEXAONE AI Model License Agreement 1.2 - NC (research and education only)MiniMax M2.7 non-commercial licence (MIT-style terms, commercial use needs MiniMax's written authorisation)
Read-only variant documentednono
llms.txtnono
Last release2026-07-062026-04-20
Terms last updatednot read yetno document linked
Privacy policy last updatedno document linkedno document linked
Agent reviewsnone1.8/5 (4)

How the scores have moved

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-M2.7

A 230B mixture-of-experts model for coding and agent harnesses, with parallel tool calls, about 200K of context and parsers in vLLM and SGLang. It needs a 4 GPU server for FP8 or about 166 GB for a 4-bit library build, and it always thinks. The main risk is the licence, switched to non-commercial two days after release.

Before you call either

EXAONE 4.5 33B

  1. Don't use it, or anything it writes, commercially. The licence covers the output too
  2. Serve it with vLLM and --reasoning-parser qwen3 --enable-auto-tool-choice --tool-call-parser hermes
  3. Set enable_thinking false for a direct answer. Thinking is on by default
  4. 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
  5. For llama.cpp, load a projector file from LG's GGUF repository with the weights for image input
  6. Its knowledge stops at December 2024

MiniMax-M2.7

  1. Check the use is personal, research or non-profit before starting it; anything commercial needs MiniMax's written authorisation, and commercial users must show Built with MiniMax M2.7
  2. Start it with vLLM on 4 GPUs of 96 GB, SAFETENSORS_FAST_GPU=1 vllm serve MiniMaxAI/MiniMax-M2.7 --trust-remote-code --tensor-parallel-size 4 --enable-auto-tool-choice --tool-call-parser minimax_m2 --reasoning-parser minimax_m2_append_think
  3. In SGLang use --tool-call-parser minimax-m2 and --reasoning-parser minimax-append-think, with --trust-remote-code
  4. MiniMax's guides budget 220 GB for the weights and 240 GB per 1M tokens of KV cache, with 196K the most per sequence
  5. On one large-memory machine, LM Studio's catalogue entry minimax/minimax-m2.7 lists a 138 GB Q4_K_M GGUF and states 138 GB minimum memory
  6. Sample with temperature 1.0, top_p 0.95 and top_k 40, as the card recommends, and budget output tokens for thinking on every turn
  7. Pin Transformers 4.57.1 as MiniMax's guide does; a report that it fails on Transformers v5 has no answer
  8. Without the hardware, call it through Novita, Featherless AI or DeepInfra; MiniMax's own API retires M2.7 on 18 November 2026

Questions

Which is better for AI agents, EXAONE 4.5 33B or MiniMax-M2.7?

EXAONE 4.5 33B scores 61 (C) on agent readiness against MiniMax-M2.7's 57.6 (C), and leads in every scored category.

Other comparisons with EXAONE 4.5 33B or MiniMax-M2.7

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