{
  "data": {
    "a": {
      "slug": "inkling-2-small",
      "name": "Inkling 2 Small",
      "vendor": "Thinking Machines Lab",
      "vendorUrl": "https://thinkingmachines.ai",
      "kind": "weights",
      "category": "open-weights",
      "summary": "Inkling 2 Small is Thinking Machines Lab's open-weight mixture-of-experts model, 594B total and 17B active parameters, taking text and images and returning text, with adjustable thinking effort, published in NVFP4 and MXFP8 under Apache 2.0.",
      "url": "https://www.anchorterminal.com/tools/inkling-2-small",
      "markdownUrl": "https://www.anchorterminal.com/tools/inkling-2-small.md",
      "slimMarkdownUrl": "https://www.anchorterminal.com/tools/inkling-2-small.min.md",
      "jsonUrl": "https://www.anchorterminal.com/api/v1/tools/inkling-2-small.json",
      "dns": "inkling-2-small.grade.anchorterminal.com",
      "repo": "https://huggingface.co/thinkingmachines/Inkling-2-Small",
      "license": "Apache-2.0",
      "transports": [],
      "packages": [
        {
          "registry": "huggingface",
          "name": "thinkingmachines/Inkling-2-Small"
        },
        {
          "registry": "huggingface",
          "name": "thinkingmachines/Inkling-2-Small-MXFP8"
        }
      ],
      "auth": "none",
      "authNotes": "The weights download from Hugging Face with no account, token or terms to accept. Neither repository is gated (checked 2026-11-12). Thinking Machines' Model Acceptable Use Policy, linked from the card, says that downloading or using the weights binds you to it.",
      "pricing": "free",
      "pricingNotes": "Free to download and use, commercial use included, under Apache 2.0 with Thinking Machines' Model Acceptable Use Policy on top. Running it yourself costs the hardware, 393.5 GB of files for the NVFP4 checkpoint and 622.8 GB for MXFP8, which Thinking Machines puts at 500 GB and 800 GB of GPU memory. Thinking Machines' Tinker serves it as a beta serverless inference API at $0.30 per million input tokens, $0.03 cached and $1.00 output (read 2026-11-06).",
      "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 2026-11-12).",
        "endpoints": []
      },
      "toolCount": null,
      "popularity": {
        "githubStars": null,
        "npmWeekly": null,
        "pypiWeekly": null,
        "asOf": "2026-11-12"
      },
      "docsUrl": "https://thinkingmachines.ai/model-card/inkling-2-small/",
      "capabilities": [
        "model.open-weights"
      ],
      "tags": [
        "open-weights",
        "model",
        "moe",
        "multimodal",
        "vision",
        "reasoning",
        "tool-calling",
        "apache-2.0",
        "safetensors",
        "nvfp4",
        "self-hosted",
        "new"
      ],
      "lastRelease": "2026-11-12",
      "graded": true,
      "anchor": {
        "graded": true,
        "score": 58.8,
        "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": 1524,
        "categoryRank": 78,
        "methodology": "0.8",
        "run": "2026-10-01",
        "scores": {
          "interface": 85,
          "reach": 40,
          "risk": 65,
          "upkeep": 67
        },
        "pending": [
          "performance",
          "tasks"
        ],
        "assessment": {
          "confidence": "low",
          "date": "2026-11-12"
        },
        "negative": 0,
        "verdict": "Thinking Machines' newest open model, a 594B mixture-of-experts generalist with images in, several tool calls a turn and per-request thinking effort. The NVFP4 checkpoint needs about 472 GB, and no released runtime runs it yet, so today that means vLLM's or SGLang's own images, or Tinker and Together hosted. The use policy binds on download and can change.",
        "bestFor": "Teams with 512 GB or more of datacentre GPU memory who want Thinking Machines' newest open multimodal agent model and can run a runtime's pre-release image.",
        "strengths": [
          "Safetensors only, with a checksum on every LFS file in the publisher's own organisation",
          "Thinking effort set per request from none to xhigh, several tool calls a turn and a 1M-token context",
          "Two checkpoints from Thinking Machines, NVFP4 and MXFP8, under Apache 2.0 with no gate",
          "Thinking Machines' tml-renderers package renders prompts and parses tool calls for this model",
          "A training-content summary with sources, mix and an October 2026 collection cut-off",
          "Thinking Machines' own Tinker hosts it as beta serverless inference, and the card names seven more API providers"
        ],
        "weaknesses": [
          "The smaller checkpoint needs about 472 GB, and Thinking Machines says 500 GB of GPU memory",
          "No released version of vLLM, SGLang, Transformers, llama.cpp or Ollama runs it on 12 November 2026",
          "Apache 2.0 comes with an acceptable use policy that binds on download and can change at any time",
          "Safety results are Thinking Machines' own, with no harness to rerun them and no prompt-injection guidance",
          "Structured output isn't documented, and the card gives no dated knowledge cut-off",
          "No independent benchmark results were read, so Capability is pending and the total is capped at 61"
        ],
        "agentNotes": [
          "No released runtime runs it yet. Serve the NVFP4 checkpoint from SGLang's dev-inkling-2-small image with the cookbook's recipe for your hardware, or from vLLM's vllm/vllm-openai:inkling-2-small image",
          "In vLLM pass `--reasoning-parser inkling --enable-auto-tool-choice --tool-call-parser inkling`. In SGLang the tool-call parser is `inkling2` and the reasoning parser `inkling`",
          "Transformers' main branch loads only thinkingmachines/Inkling-2-Small-MXFP8, the 622.8 GB checkpoint, and no release has the code yet",
          "Pass `reasoning_effort` as none, minimal, low, medium, high (the default), xhigh or max, or a number from 0 to 0.99",
          "Effort none conditions the model toward no reasoning but doesn't forbid it, and higher effort needs a larger max_tokens",
          "Tool call arguments must reach the template as an object, not a JSON string, or it raises an error",
          "Images should be 40 to 4096 px a side. The model takes no audio, and the template raises an error for an audio part",
          "Use guided decoding or validate JSON yourself, since structured output isn't documented",
          "Without the hardware, call it on Tinker's OpenAI-compatible endpoint with a Tinker key, at $0.30 input and $1.00 output per million tokens as read on 6 November 2026",
          "Read the Model Acceptable Use Policy before deploying, it binds on download and bars some uses that are legal"
        ],
        "metrics": {
          "kind": "local",
          "measured": false
        },
        "reviewCount": 0,
        "avgRating": 0,
        "history": [
          {
            "basis": "public evidence",
            "confidence": "low",
            "grade": "C",
            "methodology": "0.8",
            "pending": [
              "performance",
              "tasks"
            ],
            "run": "2026-10-01",
            "runLabel": "October 2026 research run",
            "score": 58.8
          }
        ],
        "editorialScores": {
          "interface": 85,
          "reach": 40,
          "risk": 65,
          "upkeep": 67
        },
        "provenanceScore": 72,
        "checked": {
          "categories": {
            "interface": "2026-11-12",
            "reach": "2026-11-12",
            "risk": "2026-11-12",
            "upkeep": "2026-11-12"
          },
          "last": "2026-11-12",
          "lastMoved": "2026-11-12",
          "oldest": "2026-11-12",
          "stale": false,
          "staleAfterDays": 90
        }
      },
      "connect": {
        "install": "# per SGLang's cookbook, the NVFP4 checkpoint on 4 B300 GPUs. Not in an SGLang release yet,\n# so run it inside the lmsysorg/sglang:dev-inkling-2-small image:\nSGLANG_OPT_DEEPGEMM_MEGA_MOE_NUM_MAX_TOKENS_PER_RANK=4096 sglang serve \\\n  --model-path thinkingmachines/Inkling-2-Small --tp 4 --ep 4 \\\n  --moe-a2a-backend megamoe --attention-backend fa4 --bf16-gemm-backend torch --dtype bfloat16 \\\n  --page-size 128 --grammar-backend xgrammar --enable-multimodal \\\n  --reasoning-parser inkling --tool-call-parser inkling2",
        "http": "curl http://localhost:30000/v1/chat/completions \\\n  -H \"Content-Type: application/json\" \\\n  -d '{\n    \"model\": \"thinkingmachines/Inkling-2-Small\",\n    \"messages\": [{\"role\": \"user\", \"content\": \"Hello!\"}],\n    \"reasoning_effort\": \"low\"\n  }'"
      },
      "letme": {
        "capability": "https://letme.dev/model.open-weights",
        "tool": "https://letme.dev/inkling-2-small"
      },
      "sameCompany": [
        "inkling",
        "inkling-small"
      ],
      "sameModel": [
        "tinker"
      ],
      "weights": {
        "trainedBy": "Thinking Machines Lab",
        "params": "594B",
        "active": "17B",
        "context": 1048576,
        "goodFor": "Mixture-of-experts generalist for coding, agents and tool use with images in, a 1M-token context and thinking effort set per request.",
        "runtimes": [],
        "builds": [
          {
            "name": "Inkling-2-Small",
            "url": "https://huggingface.co/thinkingmachines/Inkling-2-Small",
            "who": "publisher",
            "precision": "nvfp4",
            "sizeGB": 393.5,
            "memoryGB": 512,
            "format": "safetensors",
            "note": "The main checkpoint, in the precision the model was trained in. Routed experts in NVFP4 for layers 0 to 39 and MXFP8 for layers 40 to 47, per SGLang's cookbook. Thinking Machines states at least 500 GB of GPU memory"
          },
          {
            "name": "Inkling-2-Small-MXFP8",
            "url": "https://huggingface.co/thinkingmachines/Inkling-2-Small-MXFP8",
            "who": "publisher",
            "precision": "mxfp8",
            "sizeGB": 622.8,
            "memoryGB": 1024,
            "format": "safetensors",
            "note": "Every routed expert in MXFP8. Thinking Machines states at least 800 GB of GPU memory and recommends the NVFP4 checkpoint. It's the only checkpoint Transformers' main branch loads"
          }
        ],
        "run": "SGLANG_OPT_DEEPGEMM_MEGA_MOE_NUM_MAX_TOKENS_PER_RANK=4096 sglang serve --model-path thinkingmachines/Inkling-2-Small --tp 4 --ep 4 --moe-a2a-backend megamoe --attention-backend fa4 --bf16-gemm-backend torch --dtype bfloat16 --page-size 128 --grammar-backend xgrammar --enable-multimodal --reasoning-parser inkling --tool-call-parser inkling2",
        "runBuild": "Inkling-2-Small",
        "checked": "2026-11-12",
        "minMemoryGB": 512
      },
      "family": {
        "lab": "Thinking Machines Lab",
        "family": "Inkling 2",
        "url": "https://www.anchorterminal.com/open-weights/#thinking-machines"
      },
      "area": "models",
      "provenance": {
        "legalEntity": "Thinking Machines Lab, Inc. (named as provider on its model card page and in its training-content summary)",
        "domain": "thinkingmachines.ai",
        "domainRegistered": "",
        "domainNote": "Not looked up: RDAP isn't requested under the 1 November 2026 rules.",
        "endpointOnVendorDomain": null,
        "terms": "",
        "privacy": "",
        "statusPage": "",
        "changelog": "https://huggingface.co/thinkingmachines/Inkling-2-Small/commits/main",
        "securityTxt": "valid",
        "checked": "2026-11-12",
        "notes": [
          "Thinking Machines' model card page links both repositories in the thinkingmachines organisation on Hugging Face, which isn't verified by Hugging Face.",
          "Nothing is hosted for this listing, so the Apache 2.0 licence and the Model Acceptable Use Policy stand in for terms of service and no privacy policy is scored.",
          "The changelog is the repository's commit history, 3 commits on 12 November 2026, the upload, a library tag from a merged pull request and a card update.",
          "thinkingmachines.ai/.well-known/security.txt gives a security contact, a PGP key and an expiry in 2029, read on 12 November 2026, and the model card page links a coordinated vulnerability disclosure policy.",
          "Thinking Machines' terms bar scraping the Services. The founder decided on 6 November 2026 that reading at a person's pace is fine, so six pages were read one at a time on 12 November: the acceptable use policy, the training data page and its summary for this model, the model card page, and the tml-renderers and thinking effort guides. thinkingmachines.ai's robots.txt has no rules, and tinker-docs.thinkingmachines.ai answers 404 for robots.txt."
        ],
        "score": 72
      },
      "pageJsonUrl": "https://www.anchorterminal.com/tools/inkling-2-small.json",
      "live": {
        "slug": "inkling-2-small",
        "probe": {
          "target": "https://tinker.thinkingmachines.dev/services/tinker-prod/oai/api/v1",
          "method": "get",
          "lastAt": "2026-11-13T20:11:37.236512439Z",
          "lastOk": true,
          "lastStatus": 404,
          "lastMs": 439,
          "authRequired": false,
          "uptime24h": 100,
          "uptime30d": 100,
          "p50ms24h": 238,
          "p95ms24h": 467,
          "samples24h": 245,
          "samples30d": 1854,
          "days": [
            {
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              "probes": 186,
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            {
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            {
              "date": "2026-11-09",
              "probes": 243,
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            {
              "date": "2026-11-10",
              "probes": 244,
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            },
            {
              "date": "2026-11-11",
              "probes": 244,
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            },
            {
              "date": "2026-11-12",
              "probes": 245,
              "ok": 245
            },
            {
              "date": "2026-11-13",
              "probes": 206,
              "ok": 206
            }
          ],
          "since": "2026-11-06T00:00:00Z"
        },
        "securityTxt": {
          "url": "https://thinkingmachines.ai/.well-known/security.txt",
          "state": "valid",
          "expires": "2029-07-13T07:00:00.000Z",
          "checkedAt": "2026-11-14T16:19:22.779006645Z"
        },
        "llmsTxt": {
          "url": "https://tinker-docs.thinkingmachines.ai/llms.txt",
          "ok": true,
          "status": 200,
          "checkedAt": "2026-11-13T15:54:36.79283015Z"
        },
        "domain": {
          "domain": "thinkingmachines.ai",
          "registered": "2024-07-09",
          "source": "https://rdap.identitydigital.services/rdap/domain/thinkingmachines.ai",
          "checkedAt": "2026-11-08T15:05:10.558189316Z"
        },
        "pages": [
          {
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            "kind": "changelog",
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            "checkedAt": "2026-11-14T19:07:35.812797752Z",
            "changedAt": "0001-01-01T00:00:00Z",
            "fingerprint": "39971da7a686"
          },
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            "kind": "changelog",
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            "checkedAt": "2026-11-13T18:32:58.088087394Z",
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            "fingerprint": "c56006412e95"
          },
          {
            "url": "https://thinkingmachines.ai/legal/privacy/",
            "kind": "privacy",
            "status": 200,
            "checkedAt": "2026-11-13T18:32:53.884197991Z",
            "changedAt": "2026-11-06T13:43:40.660240815Z",
            "fingerprint": "3c33a4a74c61"
          },
          {
            "url": "https://thinkingmachines.ai/legal/terms/",
            "kind": "terms",
            "status": 200,
            "checkedAt": "2026-11-13T18:32:56.034092745Z",
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        "updatedAt": "2026-11-14T19:07:35.812797752Z"
      },
      "streak": {
        "days": 9,
        "from": "2026-11-06",
        "sinceWatching": true,
        "best": 9
      }
    },
    "answer": "MiniMax-M2.5 and Inkling 2 Small score within a point of each other on agent readiness, 59 (C) and 58.8 (C). Inkling 2 Small leads on risk, agent interface and documentation and upkeep.",
    "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": 1524,
        "categoryRank": 76,
        "methodology": "0.8",
        "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": "0.8",
            "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": "2026-11-14T16:17:43.120175211Z"
        },
        "domain": {
          "domain": "minimax.io",
          "checkedAt": "2026-11-08T14:54:44.54388672Z"
        },
        "updatedAt": "2026-11-14T16:17:43.120175211Z"
      }
    },
    "edges": [
      {
        "by": 35,
        "category": "risk",
        "leads": "inkling-2-small",
        "name": "Risk",
        "reasons": {
          "a": "File safety 25, safetensors only and no repository code to run. Provenance 15, the files are in the organisation Thinking Machines links to, with a SHA-256 on every LFS file. Safety evaluation 10, Thinking Machines' own StrongREJECT, FORTRESS, HoneyBench and DistressBench results and described outside red-teaming, but nothing an outside party published or a harness to rerun. Agent guidance 5, the card names safeguards to add but doesn't say what its refusals cover, with nothing on prompt injection. Licence risk 5, 10 off for a use policy that reaches beyond the law and that can change at any time. Security programme 5, a security.txt and a disclosure policy, with public advisories unchecked and scored as absent. 25 + 15 + 10 + 5 + 5 + 5 = 65.",
          "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": 65,
          "b": 30
        }
      },
      {
        "by": 30,
        "category": "upkeep",
        "leads": "inkling-2-small",
        "name": "Documentation and upkeep",
        "reasons": {
          "a": "Model card 17 of 20, everything but a dated knowledge cut-off. Training data 15, an EU training-content summary with sources, mix, an October 2026 collection cut-off and filtering. Last change 20, the files were uploaded on 12 November 2026. Responsiveness 0, the repository has no questions yet, which reads as none answered. Version policy 5, a first release. File health 10, the files agree and no broken-file report waits. 17 + 15 + 20 + 0 + 5 + 10 = 67.",
          "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": 67,
          "b": 37
        }
      },
      {
        "by": 25,
        "category": "reach",
        "leads": "minimax-m2-5",
        "name": "Reach",
        "reasons": {
          "a": "Memory 0 of 30, the smallest build is Thinking Machines' NVFP4 checkpoint at 393.5 GB, about 472 GB with a fifth added, above the 256 GB line. Runtimes 0, no released version of the six runs it; vLLM and SGLang serve it from their own images and Transformers has it on its main branch only. Builds 15, two precisions from the publisher (NVFP4 and MXFP8). Terms 10, Apache 2.0 with a binding acceptable use policy on top, read as a custom licence. Download 10, no gate. Hosted 5, Thinking Machines' own Tinker serves it as beta serverless inference, and Together is live on Hugging Face. 0 + 0 + 15 + 10 + 10 + 5 = 40.",
          "b": "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 MLX 4-bit at 128.7 GB, about 154 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 v0.33.0, SGLang v0.5.23, llama.cpp and Transformers, an LM Studio catalogue entry, and Ollama 0.40.14, whose pinned llama.cpp b11963 has the minimax-m2 architecture, though Ollama's library lists no build. Builds earn 10 for one publisher precision, the FP8 release. Terms earn 10 for a custom licence that allows free commercial use under a use policy. Download earns 10, with no gate or account. Hosted earns 5, since Novita and Featherless AI serve it through Hugging Face, while MiniMax's own API is closed to new users and retires it on 18 November 2026. 5+25+10+10+10+5 = 65."
        },
        "scores": {
          "a": 40,
          "b": 65
        }
      },
      {
        "by": 10,
        "category": "interface",
        "leads": "inkling-2-small",
        "name": "Agent interface",
        "reasons": {
          "a": "Chat template 20, a Jinja file in the repository. Tool-calling format 25, Thinking Machines' tml-renderers guide shows how tools are declared and how calls come back for this model, and its package ships the parser. Trained tool calling 20, several calls in one turn. Structured output 0, not documented. Reasoning control 10, thinking effort is set per request from none to xhigh, and the reasoning comes back in reasoning_content. Context 10, up to 1M tokens. 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": "Thinking Machines Lab",
        "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": "Apache-2.0",
        "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": "2026-11-12",
        "b": "2026-02-12",
        "name": "Last release"
      },
      {
        "a": "no document linked",
        "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": "MiniMax-M2.5 and Inkling 2 Small score within a point of each other on agent readiness, 59 (C) and 58.8 (C). Inkling 2 Small leads on risk, agent interface and documentation and upkeep.",
        "question": "Which is better for AI agents, Inkling 2 Small or MiniMax-M2.5?"
      }
    ],
    "goodFor": [
      {
        "aheadOn": [
          "Risk, 65 against 30",
          "Agent interface, 85 against 75",
          "Documentation and upkeep, 67 against 37"
        ],
        "also": null,
        "goodFor": "Teams with 512 GB or more of datacentre GPU memory who want Thinking Machines' newest open multimodal agent model and can run a runtime's pre-release image.",
        "slug": "inkling-2-small",
        "watchFor": "The smaller checkpoint needs about 472 GB, and Thinking Machines says 500 GB of GPU memory"
      },
      {
        "aheadOn": [
          "Reach, 65 against 40"
        ],
        "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": {
      "inkling-2-small": [
        {
          "causes": [
            "product"
          ],
          "date": "2026-11-12",
          "delta": 6.7,
          "from": 52.1,
          "fromGrade": "D",
          "to": 58.8,
          "toGrade": "C"
        }
      ],
      "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": [
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        "url": "https://www.anchorterminal.com/compare/agents-a1-4b-vs-inkling-2-small"
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      {
        "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-inkling-2-small.json",
        "title": "Apertus v1.5 8B vs Inkling 2 Small",
        "url": "https://www.anchorterminal.com/compare/apertus-v1-5-8b-vs-inkling-2-small"
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      {
        "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"
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      {
        "json": "https://www.anchorterminal.com/compare/apodex-1-1-mini-vs-inkling-2-small.json",
        "title": "Apodex-1.1-mini vs Inkling 2 Small",
        "url": "https://www.anchorterminal.com/compare/apodex-1-1-mini-vs-inkling-2-small"
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      {
        "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"
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        "json": "https://www.anchorterminal.com/compare/arete-27b-vs-inkling-2-small.json",
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        "url": "https://www.anchorterminal.com/compare/arete-27b-vs-inkling-2-small"
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        "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"
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        "json": "https://www.anchorterminal.com/compare/bigbang-v1-vs-inkling-2-small.json",
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        "url": "https://www.anchorterminal.com/compare/bigbang-v1-vs-inkling-2-small"
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        "json": "https://www.anchorterminal.com/compare/bigbang-v1-vs-minimax-m2-5.json",
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        "url": "https://www.anchorterminal.com/compare/bigbang-v1-vs-minimax-m2-5"
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        "url": "https://www.anchorterminal.com/compare/carbon-x-vs-inkling-2-small"
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      {
        "json": "https://www.anchorterminal.com/compare/carbon-x-vs-minimax-m2-5.json",
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        "url": "https://www.anchorterminal.com/compare/carbon-x-vs-minimax-m2-5"
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        "json": "https://www.anchorterminal.com/compare/cola2-vs-inkling-2-small.json",
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        "url": "https://www.anchorterminal.com/compare/cola2-vs-inkling-2-small"
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        "url": "https://www.anchorterminal.com/compare/cola2-vs-minimax-m2-5"
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        "url": "https://www.anchorterminal.com/compare/cosmos-reason2-2b-vs-inkling-2-small"
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        "url": "https://www.anchorterminal.com/compare/darwin-36b-opus-vs-inkling-2-small"
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        "url": "https://www.anchorterminal.com/compare/deepseek-v3-2-vs-inkling-2-small"
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        "url": "https://www.anchorterminal.com/compare/deepseek-v3-2-vs-minimax-m2-5"
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        "url": "https://www.anchorterminal.com/compare/deepseek-v4-1-flash-vs-inkling-2-small"
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        "json": "https://www.anchorterminal.com/compare/inkling-2-small-vs-qwen3-8-flash-next.json",
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        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-nemotron-3-nano-omni-30b-a3b-reasoning.json",
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        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-nemotron-3-nano-omni-30b-a3b-reasoning"
      },
      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-nemotron-3-super-120b-a12b.json",
        "title": "MiniMax-M2.5 vs Nemotron 3 Super 120B A12B",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-nemotron-3-super-120b-a12b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-nemotron-3-ultra-550b-a55b.json",
        "title": "MiniMax-M2.5 vs Nemotron 3 Ultra 550B A55B",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-nemotron-3-ultra-550b-a55b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-north-mini-code-1-0.json",
        "title": "MiniMax-M2.5 vs North Mini Code 1.0",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-north-mini-code-1-0"
      },
      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-occamy-1-0.json",
        "title": "MiniMax-M2.5 vs occamy-1.0",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-occamy-1-0"
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      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-olmo-3-7b-think.json",
        "title": "MiniMax-M2.5 vs Olmo 3 7B Think",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-olmo-3-7b-think"
      },
      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-ornith-1-5-122b.json",
        "title": "MiniMax-M2.5 vs Ornith-1.5-122B",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-ornith-1-5-122b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-ornith-1-5-35b-a3b.json",
        "title": "MiniMax-M2.5 vs Ornith-1.5-35B-A3B",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-ornith-1-5-35b-a3b"
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      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-ornith-1-5-397b.json",
        "title": "MiniMax-M2.5 vs Ornith-1.5-397B",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-ornith-1-5-397b"
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      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-ornith-1-5-9b.json",
        "title": "MiniMax-M2.5 vs Ornith-1.5-9B",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-ornith-1-5-9b"
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        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-otel-2-0-llm-31b-it.json",
        "title": "MiniMax-M2.5 vs OTel-2.0-LLM-31B-IT",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-otel-2-0-llm-31b-it"
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        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen-agentworld-35b-a3b.json",
        "title": "MiniMax-M2.5 vs Qwen-AgentWorld-35B-A3B",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen-agentworld-35b-a3b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-30b-a3b-instruct-2507.json",
        "title": "MiniMax-M2.5 vs Qwen3-30B-A3B-Instruct-2507",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-30b-a3b-instruct-2507"
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      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-4b-instruct-2507.json",
        "title": "MiniMax-M2.5 vs Qwen3-4B-Instruct-2507",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-4b-instruct-2507"
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        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-5-0-8b"
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        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-5-122b-a10b"
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        "title": "MiniMax-M2.5 vs Qwen3.5-2B",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-5-2b"
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        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-5-397b-a17b.json",
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        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-5-397b-a17b"
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      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-5-4b.json",
        "title": "MiniMax-M2.5 vs Qwen3.5-4B",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-5-4b"
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      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-5-9b.json",
        "title": "MiniMax-M2.5 vs Qwen3.5-9B",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-5-9b"
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      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-6-27b.json",
        "title": "MiniMax-M2.5 vs Qwen3.6-27B",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-6-27b"
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      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-6-35b-a3b.json",
        "title": "MiniMax-M2.5 vs Qwen3.6-35B-A3B",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-6-35b-a3b"
      },
      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-8-27b.json",
        "title": "MiniMax-M2.5 vs Qwen3.8-27B",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-8-27b"
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      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-8-flash-next.json",
        "title": "MiniMax-M2.5 vs Qwen3.8-Flash-Next",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-8-flash-next"
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      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-coder-30b-a3b-instruct.json",
        "title": "MiniMax-M2.5 vs Qwen3-Coder-30B-A3B-Instruct",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-coder-30b-a3b-instruct"
      },
      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-coder-next.json",
        "title": "MiniMax-M2.5 vs Qwen3-Coder-Next",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-coder-next"
      },
      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-omni-30b-a3b-instruct.json",
        "title": "MiniMax-M2.5 vs Qwen3-Omni-30B-A3B-Instruct",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-omni-30b-a3b-instruct"
      },
      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-vl-2b-instruct.json",
        "title": "MiniMax-M2.5 vs Qwen3-VL-2B-Instruct",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-vl-2b-instruct"
      },
      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-vl-30b-a3b-instruct.json",
        "title": "MiniMax-M2.5 vs Qwen3-VL-30B-A3B-Instruct",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-vl-30b-a3b-instruct"
      },
      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-vl-32b-instruct.json",
        "title": "MiniMax-M2.5 vs Qwen3-VL-32B-Instruct",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-vl-32b-instruct"
      },
      {
        "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-vl-4b-instruct.json",
        "title": "MiniMax-M2.5 vs Qwen3-VL-4B-Instruct",
        "url": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-qwen3-vl-4b-instruct"
      },
      {
        "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"
      },
      {
        "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"
      },
      {
        "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"
      },
      {
        "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"
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      {
        "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"
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      {
        "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": 25,
        "edge": "minimax-m2-5",
        "inkling-2-small": 40,
        "key": "reach",
        "minimax-m2-5": 65,
        "name": "Reach",
        "weight": 25
      },
      {
        "by": 35,
        "edge": "inkling-2-small",
        "inkling-2-small": 65,
        "key": "risk",
        "minimax-m2-5": 30,
        "name": "Risk",
        "weight": 20
      },
      {
        "by": 10,
        "edge": "inkling-2-small",
        "inkling-2-small": 85,
        "key": "interface",
        "minimax-m2-5": 75,
        "name": "Agent interface",
        "weight": 10
      },
      {
        "by": 30,
        "edge": "inkling-2-small",
        "inkling-2-small": 67,
        "key": "upkeep",
        "minimax-m2-5": 37,
        "name": "Documentation and upkeep",
        "weight": 10
      }
    ],
    "summary": "MiniMax-M2.5 and Inkling 2 Small score within a point of each other on agent readiness, 59 (C) and 58.8 (C). Inkling 2 Small leads on risk, agent interface and documentation and upkeep. Both do open-weight models you run yourself.",
    "tasks": null,
    "tutorials": [],
    "verdicts": {
      "inkling-2-small": "Thinking Machines' newest open model, a 594B mixture-of-experts generalist with images in, several tool calls a turn and per-request thinking effort. The NVFP4 checkpoint needs about 472 GB, and no released runtime runs it yet, so today that means vLLM's or SGLang's own images, or Tinker and Together hosted. The use policy binds on download and can change.",
      "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": {
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    "html": "https://www.anchorterminal.com/compare/inkling-2-small-vs-minimax-m2-5",
    "json": "https://www.anchorterminal.com/compare/inkling-2-small-vs-minimax-m2-5.json",
    "llms": "https://www.anchorterminal.com/llms.txt",
    "markdown": "https://www.anchorterminal.com/compare/inkling-2-small-vs-minimax-m2-5.md",
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    "slim": "https://www.anchorterminal.com/compare/inkling-2-small-vs-minimax-m2-5.min.md"
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  "markdown": "MiniMax-M2.5 and Inkling 2 Small score within a point of each other on agent readiness, 59 (C) and 58.8 (C). Inkling 2 Small leads on risk, agent interface and documentation and upkeep. Both do open-weight models you run yourself.\n\n- Inkling 2 Small: grade C, 58.8/100, rank #102 of 161 open-weight models. Markdown https://www.anchorterminal.com/tools/inkling-2-small.md · JSON https://www.anchorterminal.com/api/v1/tools/inkling-2-small.json\n- MiniMax-M2.5: grade C, 59/100, rank #99 of 161 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 6472 open weights comparisons: https://www.anchorterminal.com/compare/open-weights/index.md\n\n## Which one, for what\n\n### Inkling 2 Small (C)\n\nGood for: Teams with 512 GB or more of datacentre GPU memory who want Thinking Machines' newest open multimodal agent model and can run a runtime's pre-release image.\n\nAhead on:\n- Risk, 65 against 30\n- Agent interface, 85 against 75\n- Documentation and upkeep, 67 against 37\n\nWatch for: The smaller checkpoint needs about 472 GB, and Thinking Machines says 500 GB of GPU memory\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\nAhead on:\n- Reach, 65 against 40\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: Inkling 2 Small +35\n\n- Inkling 2 Small (65): File safety 25, safetensors only and no repository code to run. Provenance 15, the files are in the organisation Thinking Machines links to, with a SHA-256 on every LFS file. Safety evaluation 10, Thinking Machines' own StrongREJECT, FORTRESS, HoneyBench and DistressBench results and described outside red-teaming, but nothing an outside party published or a harness to rerun. Agent guidance 5, the card names safeguards to add but doesn't say what its refusals cover, with nothing on prompt injection. Licence risk 5, 10 off for a use policy that reaches beyond the law and that can change at any time. Security programme 5, a security.txt and a disclosure policy, with public advisories unchecked and scored as absent. 25 + 15 + 10 + 5 + 5 + 5 = 65.\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: Inkling 2 Small +30\n\n- Inkling 2 Small (67): Model card 17 of 20, everything but a dated knowledge cut-off. Training data 15, an EU training-content summary with sources, mix, an October 2026 collection cut-off and filtering. Last change 20, the files were uploaded on 12 November 2026. Responsiveness 0, the repository has no questions yet, which reads as none answered. Version policy 5, a first release. File health 10, the files agree and no broken-file report waits. 17 + 15 + 20 + 0 + 5 + 10 = 67.\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### Reach: MiniMax-M2.5 +25\n\n- Inkling 2 Small (40): Memory 0 of 30, the smallest build is Thinking Machines' NVFP4 checkpoint at 393.5 GB, about 472 GB with a fifth added, above the 256 GB line. Runtimes 0, no released version of the six runs it; vLLM and SGLang serve it from their own images and Transformers has it on its main branch only. Builds 15, two precisions from the publisher (NVFP4 and MXFP8). Terms 10, Apache 2.0 with a binding acceptable use policy on top, read as a custom licence. Download 10, no gate. Hosted 5, Thinking Machines' own Tinker serves it as beta serverless inference, and Together is live on Hugging Face. 0 + 0 + 15 + 10 + 10 + 5 = 40.\n- MiniMax-M2.5 (65): 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 MLX 4-bit at 128.7 GB, about 154 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 v0.33.0, SGLang v0.5.23, llama.cpp and Transformers, an LM Studio catalogue entry, and Ollama 0.40.14, whose pinned llama.cpp b11963 has the minimax-m2 architecture, though Ollama's library lists no build. Builds earn 10 for one publisher precision, the FP8 release. Terms earn 10 for a custom licence that allows free commercial use under a use policy. Download earns 10, with no gate or account. Hosted earns 5, since Novita and Featherless AI serve it through Hugging Face, while MiniMax's own API is closed to new users and retires it on 18 November 2026. 5+25+10+10+10+5 = 65.\n\n### Agent interface: Inkling 2 Small +10\n\n- Inkling 2 Small (85): Chat template 20, a Jinja file in the repository. Tool-calling format 25, Thinking Machines' tml-renderers guide shows how tools are declared and how calls come back for this model, and its package ships the parser. Trained tool calling 20, several calls in one turn. Structured output 0, not documented. Reasoning control 10, thinking effort is set per request from none to xhigh, and the reasoning comes back in reasoning_content. Context 10, up to 1M tokens. 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 | Inkling 2 Small | MiniMax-M2.5 | Edge |\n| --- | --- | --- | --- | --- |\n| Capability | 35%, pending | pending | pending | not scored in this run |\n| Reach | 25% (25 this run) | 40 | 65 | MiniMax-M2.5 +25 |\n| Risk | 20% (20 this run) | 65 | 30 | Inkling 2 Small +35 |\n| Agent interface | 10% (10 this run) | 85 | 75 | Inkling 2 Small +10 |\n| Documentation and upkeep | 10% (10 this run) | 67 | 37 | Inkling 2 Small +30 |\n| Negative events | ≤15 | 0 | 0 | |\n| **Total** | | **58.8 · C** | **59 · C** | |\n\n## Facts side by side\n\n| Fact | Inkling 2 Small | MiniMax-M2.5 |\n| --- | --- | --- |\n| Kind | Open-weight model | Open-weight model |\n| Vendor | Thinking Machines Lab | 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 | Apache-2.0 | MiniMax Model License (model) and modified MIT (code) |\n| Read-only variant documented | no | no |\n| llms.txt | no | no |\n| Last release | 2026-11-12 | 2026-02-12 |\n| Terms last updated | no document linked | 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### Inkling 2 Small\n\n- +6.7 on 12 November 2026 (D to C): product\n\n### MiniMax-M2.5\n\n- +1.5 on 4 November 2026: product\n\n## Verdicts\n\n**Inkling 2 Small.** Thinking Machines' newest open model, a 594B mixture-of-experts generalist with images in, several tool calls a turn and per-request thinking effort. The NVFP4 checkpoint needs about 472 GB, and no released runtime runs it yet, so today that means vLLM's or SGLang's own images, or Tinker and Together hosted. The use policy binds on download and can change.\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### Inkling 2 Small\n\n1. No released runtime runs it yet. Serve the NVFP4 checkpoint from SGLang's dev-inkling-2-small image with the cookbook's recipe for your hardware, or from vLLM's vllm/vllm-openai:inkling-2-small image\n2. In vLLM pass `--reasoning-parser inkling --enable-auto-tool-choice --tool-call-parser inkling`. In SGLang the tool-call parser is `inkling2` and the reasoning parser `inkling`\n3. Transformers' main branch loads only thinkingmachines/Inkling-2-Small-MXFP8, the 622.8 GB checkpoint, and no release has the code yet\n4. Pass `reasoning_effort` as none, minimal, low, medium, high (the default), xhigh or max, or a number from 0 to 0.99\n5. Effort none conditions the model toward no reasoning but doesn't forbid it, and higher effort needs a larger max_tokens\n6. Tool call arguments must reach the template as an object, not a JSON string, or it raises an error\n7. Images should be 40 to 4096 px a side. The model takes no audio, and the template raises an error for an audio part\n8. Use guided decoding or validate JSON yourself, since structured output isn't documented\n9. Without the hardware, call it on Tinker's OpenAI-compatible endpoint with a Tinker key, at $0.30 input and $1.00 output per million tokens as read on 6 November 2026\n10. Read the Model Acceptable Use Policy before deploying, it binds on download and bars some uses that are legal\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, Inkling 2 Small or MiniMax-M2.5?\n\nMiniMax-M2.5 and Inkling 2 Small score within a point of each other on agent readiness, 59 (C) and 58.8 (C). Inkling 2 Small leads on risk, agent interface and documentation and upkeep.\n\n\n## For agents\n\n- This comparison as JSON: https://www.anchorterminal.com/compare/inkling-2-small-vs-minimax-m2-5.json, and with the fewest tokens: https://www.anchorterminal.com/compare/inkling-2-small-vs-minimax-m2-5.min.md\n- Over MCP at https://www.anchorterminal.com/mcp (no key): `compare_tools {\"a\": \"inkling-2-small\", \"b\": \"minimax-m2-5\"}`. From a terminal: `anchor compare inkling-2-small minimax-m2-5`\n- Each listing in full: https://www.anchorterminal.com/api/v1/tools/inkling-2-small.json and https://www.anchorterminal.com/api/v1/tools/minimax-m2-5.json\n\n## Other comparisons with Inkling 2 Small or MiniMax-M2.5\n\n- [Agents-A1-4B vs Inkling 2 Small](https://www.anchorterminal.com/compare/agents-a1-4b-vs-inkling-2-small.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 Inkling 2 Small](https://www.anchorterminal.com/compare/apertus-v1-5-8b-vs-inkling-2-small.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 Inkling 2 Small](https://www.anchorterminal.com/compare/apodex-1-1-mini-vs-inkling-2-small.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 Inkling 2 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