{
  "data": {
    "a": {
      "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": 1350,
        "categoryRank": 57,
        "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",
        "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-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": "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"
          }
        ],
        "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": 512
      },
      "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": "2026-11-04T15:52:39.918593813Z"
        },
        "domain": {
          "domain": "minimax.io",
          "checkedAt": "2026-11-01T14:11:19.440143188Z"
        },
        "updatedAt": "2026-11-04T15:52:39.918593813Z"
      }
    },
    "answer": "MiniMax-M2.5 scores 59 (C) on agent readiness against Ripple-65B Preview's 53.3 (D), and leads in 1 of 4 scored categories. Ripple-65B Preview leads on risk and documentation and upkeep.",
    "b": {
      "slug": "ripple-65b-preview",
      "name": "Ripple-65B Preview",
      "vendor": "Ricursive Intelligence",
      "vendorUrl": "https://www.ricursive.com/ripple",
      "kind": "weights",
      "category": "open-weights",
      "summary": "Ricursive Intelligence's 65B dense model, pretrained from scratch and post-trained for agentic coding, on Hugging Face in BF16 and NVFP4 under Apache 2.0. Its custom architecture needs Ricursive's own model code to run.",
      "url": "https://www.anchorterminal.com/tools/ripple-65b-preview",
      "markdownUrl": "https://www.anchorterminal.com/tools/ripple-65b-preview.md",
      "slimMarkdownUrl": "https://www.anchorterminal.com/tools/ripple-65b-preview.min.md",
      "jsonUrl": "https://www.anchorterminal.com/api/v1/tools/ripple-65b-preview.json",
      "dns": "ripple-65b-preview.grade.anchorterminal.com",
      "repo": "https://huggingface.co/ricursiveAI/Ripple-65B-Preview",
      "license": "Apache-2.0",
      "transports": [],
      "packages": [
        {
          "registry": "huggingface",
          "name": "ricursiveAI/Ripple-65B-Preview"
        },
        {
          "registry": "huggingface",
          "name": "ricursiveAI/Ripple-65B-Preview-NVFP4"
        }
      ],
      "auth": "none",
      "authNotes": "The weights download from Hugging Face with no account, token or terms to accept. Neither the BF16 nor the NVFP4 repository is gated (checked 2026-11-04).",
      "pricing": "free",
      "pricingNotes": "Free to download and use, commercial use included, under Apache 2.0. Running it yourself costs the hardware, 129.6 GB for the BF16 files and 57.2 GB for the NVFP4 build by the Hub's file pages. Ricursive's launch post names Together AI, GMI Cloud and OpenRouter as hosts, but Together's model page says coming soon (checked 2026-11-04).",
      "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 2026-11-04).",
        "endpoints": []
      },
      "toolCount": null,
      "popularity": {
        "githubStars": null,
        "npmWeekly": null,
        "pypiWeekly": null,
        "asOf": "2026-11-04"
      },
      "docsUrl": "https://huggingface.co/ricursiveAI/Ripple-65B-Preview",
      "capabilities": [
        "model.open-weights"
      ],
      "tags": [
        "open-weights",
        "model",
        "dense",
        "reasoning",
        "tool-calling",
        "coding",
        "apache-2.0",
        "safetensors",
        "remote-code",
        "self-hosted",
        "new"
      ],
      "lastRelease": "2026-11-04",
      "graded": true,
      "anchor": {
        "graded": true,
        "score": 53.3,
        "grade": "D",
        "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": 1350,
        "categoryRank": 78,
        "methodology": "0.7",
        "run": "2026-10-01",
        "scores": {
          "interface": 75,
          "reach": 45,
          "risk": 55,
          "upkeep": 49
        },
        "pending": [
          "performance",
          "tasks"
        ],
        "assessment": {
          "confidence": "low",
          "date": "2026-11-04"
        },
        "negative": 0,
        "verdict": "A dense 65B coding model from a new lab, pretrained from scratch and released today under Apache 2.0, that Ricursive says leads U.S. open-weight models on Terminal-Bench 2.1. Nobody has checked that yet, and the custom architecture runs only through Ricursive's own SGLang plugin on Blackwell GPUs, with a 57 GB NVFP4 build as the smallest.",
        "bestFor": "Teams with Blackwell GPUs or a DGX Spark who want an Apache 2.0 coding model to try for terminal and agentic coding work, and can run the publisher's code to serve it.",
        "strengths": [
          "Apache 2.0 with nothing added, ungated, from the organisation Ricursive's site links to",
          "A tools-aware chat template with several calls a turn, and a server that returns reasoning, content and tool calls separately",
          "Trained for long context at 2M-token sequences, with 1M stated",
          "Base model and a speculative-decoding draft published beside the instruct model",
          "Safetensors only, with a checksum on every file"
        ],
        "weaknesses": [
          "No released runtime runs the architecture, so running it means Ricursive's Python in SGLang 0.5.19 or Transformers' remote code",
          "The smallest build is 57.2 GB NVFP4, for NVIDIA Blackwell only, and there is no GGUF",
          "No independent benchmark yet, and the top-ranking claim rests on Ricursive's own Terminal-Bench 2.1 run",
          "Thinking can't be turned off or budgeted",
          "No safety guidance for agent use, no security contact and no knowledge cut-off"
        ],
        "agentNotes": [
          "Run Ricursive's launcher from inference/server with `uv run --script serve.py` on two B200 GPUs; it listens on 127.0.0.1:30000 with a 16K context by default",
          "The launcher turns on `--reasoning-parser ripple` and `--tool-call-parser ripple`; without them tool calls come back as raw text inside tool_call tags",
          "For `tool_choice: \"required\"` set `strict: true` and `additionalProperties: false` on each function, which the README says stopped extra argument fields",
          "Leave room in `max_tokens` for reasoning as well as the answer, since thinking is always on",
          "Use chat_template.jinja, not the template inside tokenizer_config.json, which has no tool support"
        ],
        "metrics": {
          "kind": "local",
          "measured": false
        },
        "reviewCount": 0,
        "avgRating": 0,
        "history": [
          {
            "basis": "public evidence",
            "confidence": "low",
            "grade": "D",
            "methodology": "0.7",
            "pending": [
              "performance",
              "tasks"
            ],
            "run": "2026-10-01",
            "runLabel": "October 2026 research run",
            "score": 53.3
          }
        ],
        "editorialScores": {
          "interface": 75,
          "reach": 45,
          "risk": 55,
          "upkeep": 49
        },
        "provenanceScore": 36,
        "checked": {
          "categories": {
            "interface": "2026-11-04",
            "reach": "2026-11-04",
            "risk": "2026-11-04",
            "upkeep": "2026-11-04"
          },
          "last": "2026-11-04",
          "oldest": "2026-11-04",
          "stale": false,
          "staleAfterDays": 90
        }
      },
      "connect": {
        "install": "hf download ricursiveAI/Ripple-65B-Preview --local-dir ./ripple-65b\nhf download ricursiveAI/Ripple-65B-Preview-DFlash2 --local-dir ./ripple-dflash2\ncd ripple-65b/inference/server\nCUDA_VISIBLE_DEVICES=0,1 uv run --script serve.py \\\n  --model-path ../.. \\\n  --speculative-draft-model-path ../../../ripple-dflash2",
        "http": "curl http://127.0.0.1:30000/v1/chat/completions \\\n  -H 'Content-Type: application/json' \\\n  -d '{\"model\": \"ripple\", \"messages\": [{\"role\": \"user\", \"content\": \"Hello\"}], \"max_tokens\": 128}'"
      },
      "letme": {
        "capability": "https://letme.dev/model.open-weights",
        "tool": "https://letme.dev/ripple-65b-preview"
      },
      "weights": {
        "trainedBy": "Ricursive Intelligence",
        "params": "65B",
        "context": 1048576,
        "goodFor": "A dense 65B model post-trained for agentic coding and terminal work, with several tool calls a turn and a long context, for teams with Blackwell GPUs or a DGX Spark.",
        "runtimes": [],
        "builds": [
          {
            "name": "Ripple-65B-Preview-NVFP4",
            "url": "https://huggingface.co/ricursiveAI/Ripple-65B-Preview-NVFP4",
            "who": "publisher",
            "precision": "nvfp4",
            "sizeGB": 57.2,
            "memoryGB": 69,
            "format": "safetensors",
            "note": "NVFP4 MLP weights and activations with BF16 attention, 6 shards summed from the Hub's file page. For NVIDIA Blackwell, with Ricursive's DGX Spark loader. The checkpoint was replaced in place on release day"
          },
          {
            "name": "Ripple-65B-Preview",
            "url": "https://huggingface.co/ricursiveAI/Ripple-65B-Preview",
            "who": "publisher",
            "precision": "bf16",
            "sizeGB": 129.6,
            "memoryGB": 160,
            "format": "safetensors",
            "note": "16 shards summed from the Hub's file page. Served with Ricursive's SGLang 0.5.19 plugin on two B200 GPUs"
          }
        ],
        "run": "CUDA_VISIBLE_DEVICES=0,1 uv run --script serve.py --model-path /path/to/Ripple-65B-Preview --speculative-draft-model-path /path/to/Ripple-65B-Preview-DFlash2",
        "runBuild": "Ripple-65B-Preview",
        "checked": "2026-11-04",
        "minMemoryGB": 69
      },
      "area": "models",
      "provenance": {
        "legalEntity": "Ricursive Intelligence, Inc.",
        "domain": "ricursive.com",
        "domainRegistered": "",
        "endpointOnVendorDomain": null,
        "terms": "https://huggingface.co/ricursiveAI/Ripple-65B-Preview/blob/main/LICENSE",
        "privacy": "",
        "statusPage": "",
        "changelog": "",
        "securityTxt": "none",
        "checked": "2026-11-04",
        "notes": [
          "Every page on www.ricursive.com ends with \"© 2026 Ricursive Intelligence, Inc.\". The site links the Hugging Face organisation ricursiveAI (fullname Ricursive Intelligence), which publishes the four Ripple repositories. RDAP wasn't queried, by the run's rules.",
          "The Apache 2.0 LICENSE in the repository governs the weights and stands in for terms of service. The site's own legal pages (/legal and /legal/terms, titled Model Attribution Terms) render their text by script only and couldn't be read.",
          "Nothing is hosted by Ricursive, so no privacy policy or status page is scored.",
          "No changelog. The repositories' commit messages are uploads and one in-place swap of the NVFP4 checkpoint on release day.",
          "www.ricursive.com/.well-known/security.txt is 404 on 4 November 2026, and the only contact on the card and site is a general one."
        ],
        "score": 36
      },
      "pageJsonUrl": "https://www.anchorterminal.com/tools/ripple-65b-preview.json"
    },
    "edges": [
      {
        "by": 25,
        "category": "risk",
        "leads": "ripple-65b-preview",
        "name": "Risk",
        "reasons": {
          "a": "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.",
          "b": "File safety 15, safetensors only, less 10 because the documented way to run it loads Ricursive's Python. Provenance 15, the files are in the organisation ricursive.com links to, with a checksum on every file. Safety evaluation 10, Ricursive's own FORTRESS and StrongREJECT results. Agent guidance 0, nothing on prompt injection, refusals or safeguards. Licence risk 15, Apache 2.0. Security programme 0, no way to report a flaw."
        },
        "scores": {
          "a": 30,
          "b": 55
        }
      },
      {
        "by": 20,
        "category": "reach",
        "leads": "minimax-m2-5",
        "name": "Reach",
        "reasons": {
          "a": "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.",
          "b": "Memory 10 of 30, the smallest 4-bit build is Ricursive's NVFP4 at 57.2 GB, 68.7 GB with a fifth added, which is over 64 GB and fits our reference machine. Runtimes 0, no released runtime runs the ricursive architecture with its own code; Ricursive's SGLang plugin and Transformers' remote code don't count. Builds 10, one quantised precision (NVFP4) from Ricursive. Terms 15, Apache 2.0 with nothing added. Download 10, not gated. Hosted 0, Ricursive serves no API, Hugging Face maps no provider, Together AI's page says coming soon, and GMI Cloud's and OpenRouter's pages weren't read."
        },
        "scores": {
          "a": 65,
          "b": 45
        }
      },
      {
        "by": 12,
        "category": "upkeep",
        "leads": "ripple-65b-preview",
        "name": "Documentation and upkeep",
        "reasons": {
          "a": "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.",
          "b": "Model card 14 of 20, no limitations and no knowledge cut-off. Training data 5, a general description with token counts and no cut-off. Last change 20, released today. Responsiveness 0, no discussions yet, read as none answered. Version policy 5, a first release, with the NVFP4 checkpoint replaced in place on release day under a commit note. File health 5, tokenizer_config.json carries a second, tool-less chat template and a 131,072-token limit against the card's 1M."
        },
        "scores": {
          "a": 37,
          "b": 49
        }
      }
    ],
    "facts": [
      {
        "a": "Open-weight model",
        "b": "Open-weight model",
        "name": "Kind"
      },
      {
        "a": "MiniMax",
        "b": "Ricursive Intelligence",
        "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": "MiniMax Model License (model) and modified MIT (code)",
        "b": "Apache-2.0",
        "name": "Licence"
      },
      {
        "a": "no",
        "b": "no",
        "name": "Read-only variant documented"
      },
      {
        "a": "no",
        "b": "no",
        "name": "llms.txt"
      },
      {
        "a": "2026-02-12",
        "b": "2026-11-04",
        "name": "Last release"
      },
      {
        "a": "no document linked",
        "b": "not read yet",
        "name": "Terms last updated"
      },
      {
        "a": "no document linked",
        "b": "no document linked",
        "name": "Privacy policy last updated"
      },
      {
        "a": "1.8/5 (4)",
        "b": "none",
        "name": "Agent reviews"
      }
    ],
    "faq": [
      {
        "answer": "MiniMax-M2.5 scores 59 (C) on agent readiness against Ripple-65B Preview's 53.3 (D), and leads in 1 of 4 scored categories. Ripple-65B Preview leads on risk and documentation and upkeep.",
        "question": "Which is better for AI agents, MiniMax-M2.5 or Ripple-65B Preview?"
      }
    ],
    "goodFor": [
      {
        "aheadOn": [
          "Reach, 65 against 45"
        ],
        "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"
      },
      {
        "aheadOn": [
          "Risk, 55 against 30",
          "Documentation and upkeep, 49 against 37"
        ],
        "also": null,
        "goodFor": "Teams with Blackwell GPUs or a DGX Spark who want an Apache 2.0 coding model to try for terminal and agentic coding work, and can run the publisher's code to serve it.",
        "slug": "ripple-65b-preview",
        "watchFor": "No released runtime runs the architecture, so running it means Ricursive's Python in SGLang 0.5.19 or Transformers' remote code"
      }
    ],
    "history": {
      "minimax-m2-5": [
        {
          "causes": [
            "product"
          ],
          "date": "2026-11-04",
          "delta": 1.5,
          "from": 57.5,
          "fromGrade": "C",
          "to": 59,
          "toGrade": "C"
        }
      ],
      "ripple-65b-preview": null
    },
    "job": {
      "capability": "model.open-weights",
      "name": "Open-weight models you run yourself"
    },
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        "url": "https://www.anchorterminal.com/compare/ripple-65b-preview-vs-swift-1-5-qwen3-8-27b"
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    ],
    "panel": null,
    "scores": [
      {
        "key": "capability",
        "name": "Capability",
        "pending": true,
        "weight": 35
      },
      {
        "by": 20,
        "edge": "minimax-m2-5",
        "key": "reach",
        "minimax-m2-5": 65,
        "name": "Reach",
        "ripple-65b-preview": 45,
        "weight": 25
      },
      {
        "by": 25,
        "edge": "ripple-65b-preview",
        "key": "risk",
        "minimax-m2-5": 30,
        "name": "Risk",
        "ripple-65b-preview": 55,
        "weight": 20
      },
      {
        "by": 0,
        "edge": "",
        "key": "interface",
        "minimax-m2-5": 75,
        "name": "Agent interface",
        "ripple-65b-preview": 75,
        "weight": 10
      },
      {
        "by": 12,
        "edge": "ripple-65b-preview",
        "key": "upkeep",
        "minimax-m2-5": 37,
        "name": "Documentation and upkeep",
        "ripple-65b-preview": 49,
        "weight": 10
      }
    ],
    "summary": "MiniMax-M2.5 scores 59 (C) on agent readiness against Ripple-65B Preview's 53.3 (D), and leads in 1 of 4 scored categories. Ripple-65B Preview leads on risk and documentation and upkeep. Both do open-weight models you run yourself.",
    "tasks": null,
    "tutorials": [],
    "verdicts": {
      "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.",
      "ripple-65b-preview": "A dense 65B coding model from a new lab, pretrained from scratch and released today under Apache 2.0, that Ricursive says leads U.S. open-weight models on Terminal-Bench 2.1. Nobody has checked that yet, and the custom architecture runs only through Ricursive's own SGLang plugin on Blackwell GPUs, with a 57 GB NVFP4 build as the smallest."
    }
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  "links": {
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    "json": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-ripple-65b-preview.json",
    "llms": "https://www.anchorterminal.com/llms.txt",
    "markdown": "https://www.anchorterminal.com/compare/minimax-m2-5-vs-ripple-65b-preview.md",
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  "markdown": "MiniMax-M2.5 scores 59 (C) on agent readiness against Ripple-65B Preview's 53.3 (D), and leads in 1 of 4 scored categories. Ripple-65B Preview leads on risk and documentation and upkeep. Both do open-weight models you run yourself.\n\n- MiniMax-M2.5: grade C, 59/100, rank #73 of 121 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- Ripple-65B Preview: grade D, 53.3/100, rank #103 of 121 open-weight models. Markdown https://www.anchorterminal.com/tools/ripple-65b-preview.md · JSON https://www.anchorterminal.com/api/v1/tools/ripple-65b-preview.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 3674 open weights comparisons: https://www.anchorterminal.com/compare/open-weights/index.md\n\n## Which one, for what\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 45\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### Ripple-65B Preview (D)\n\nGood for: Teams with Blackwell GPUs or a DGX Spark who want an Apache 2.0 coding model to try for terminal and agentic coding work, and can run the publisher's code to serve it.\n\nAhead on:\n- Risk, 55 against 30\n- Documentation and upkeep, 49 against 37\n\nWatch for: No released runtime runs the architecture, so running it means Ricursive's Python in SGLang 0.5.19 or Transformers' remote code\n\n\n## Why the edge\n\n### Risk: Ripple-65B Preview +25\n\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- Ripple-65B Preview (55): File safety 15, safetensors only, less 10 because the documented way to run it loads Ricursive's Python. Provenance 15, the files are in the organisation ricursive.com links to, with a checksum on every file. Safety evaluation 10, Ricursive's own FORTRESS and StrongREJECT results. Agent guidance 0, nothing on prompt injection, refusals or safeguards. Licence risk 15, Apache 2.0. Security programme 0, no way to report a flaw.\n\n### Reach: MiniMax-M2.5 +20\n\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- Ripple-65B Preview (45): Memory 10 of 30, the smallest 4-bit build is Ricursive's NVFP4 at 57.2 GB, 68.7 GB with a fifth added, which is over 64 GB and fits our reference machine. Runtimes 0, no released runtime runs the ricursive architecture with its own code; Ricursive's SGLang plugin and Transformers' remote code don't count. Builds 10, one quantised precision (NVFP4) from Ricursive. Terms 15, Apache 2.0 with nothing added. Download 10, not gated. Hosted 0, Ricursive serves no API, Hugging Face maps no provider, Together AI's page says coming soon, and GMI Cloud's and OpenRouter's pages weren't read.\n\n### Documentation and upkeep: Ripple-65B Preview +12\n\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- Ripple-65B Preview (49): Model card 14 of 20, no limitations and no knowledge cut-off. Training data 5, a general description with token counts and no cut-off. Last change 20, released today. Responsiveness 0, no discussions yet, read as none answered. Version policy 5, a first release, with the NVFP4 checkpoint replaced in place on release day under a commit note. File health 5, tokenizer_config.json carries a second, tool-less chat template and a 131,072-token limit against the card's 1M.\n\n## Score by category\n\n| Category | Weight | MiniMax-M2.5 | Ripple-65B Preview | Edge |\n| --- | --- | --- | --- | --- |\n| Capability | 35%, pending | pending | pending | not scored in this run |\n| Reach | 25% (25 this run) | 65 | 45 | MiniMax-M2.5 +20 |\n| Risk | 20% (20 this run) | 30 | 55 | Ripple-65B Preview +25 |\n| Agent interface | 10% (10 this run) | 75 | 75 | even |\n| Documentation and upkeep | 10% (10 this run) | 37 | 49 | Ripple-65B Preview +12 |\n| Negative events | ≤15 | 0 | 0 | |\n| **Total** | | **59 · C** | **53.3 · D** | |\n\n## Facts side by side\n\n| Fact | MiniMax-M2.5 | Ripple-65B Preview |\n| --- | --- | --- |\n| Kind | Open-weight model | Open-weight model |\n| Vendor | MiniMax | Ricursive Intelligence |\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 | MiniMax Model License (model) and modified MIT (code) | Apache-2.0 |\n| Read-only variant documented | no | no |\n| llms.txt | no | no |\n| Last release | 2026-02-12 | 2026-11-04 |\n| Terms last updated | no document linked | not read yet |\n| Privacy policy last updated | no document linked | no document linked |\n| Agent reviews | 1.8/5 (4) | none |\n\n## How the scores have moved\n\n### MiniMax-M2.5\n\n- +1.5 on 4 November 2026: product\n\n### Ripple-65B Preview\n\nNo score change since it was listed.\n\n## Verdicts\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**Ripple-65B Preview.** A dense 65B coding model from a new lab, pretrained from scratch and released today under Apache 2.0, that Ricursive says leads U.S. open-weight models on Terminal-Bench 2.1. Nobody has checked that yet, and the custom architecture runs only through Ricursive's own SGLang plugin on Blackwell GPUs, with a 57 GB NVFP4 build as the smallest.\n\n## Before you call either\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### Ripple-65B Preview\n\n1. Run Ricursive's launcher from inference/server with `uv run --script serve.py` on two B200 GPUs; it listens on 127.0.0.1:30000 with a 16K context by default\n2. The launcher turns on `--reasoning-parser ripple` and `--tool-call-parser ripple`; without them tool calls come back as raw text inside tool_call tags\n3. For `tool_choice: \"required\"` set `strict: true` and `additionalProperties: false` on each function, which the README says stopped extra argument fields\n4. Leave room in `max_tokens` for reasoning as well as the answer, since thinking is always on\n5. Use chat_template.jinja, not the template inside tokenizer_config.json, which has no tool support\n\n## Questions\n\n### Which is better for AI agents, MiniMax-M2.5 or Ripple-65B Preview?\n\nMiniMax-M2.5 scores 59 (C) on agent readiness against Ripple-65B Preview's 53.3 (D), and leads in 1 of 4 scored categories. Ripple-65B Preview leads on risk and documentation and upkeep.\n\n\n## For agents\n\n- This comparison as JSON: https://www.anchorterminal.com/compare/minimax-m2-5-vs-ripple-65b-preview.json, and with the fewest tokens: https://www.anchorterminal.com/compare/minimax-m2-5-vs-ripple-65b-preview.min.md\n- Over MCP at https://www.anchorterminal.com/mcp (no key): `compare_tools {\"a\": \"minimax-m2-5\", \"b\": \"ripple-65b-preview\"}`. From a terminal: `anchor compare minimax-m2-5 ripple-65b-preview`\n- Each listing in full: https://www.anchorterminal.com/api/v1/tools/minimax-m2-5.json and https://www.anchorterminal.com/api/v1/tools/ripple-65b-preview.json\n\n## Other comparisons with MiniMax-M2.5 or Ripple-65B Preview\n\n- [Agents-A1-4B vs MiniMax-M2.5](https://www.anchorterminal.com/compare/agents-a1-4b-vs-minimax-m2-5.md)\n- [Agents-A1-4B vs Ripple-65B Preview](https://www.anchorterminal.com/compare/agents-a1-4b-vs-ripple-65b-preview.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- [Apertus v1.5 8B vs Ripple-65B Preview](https://www.anchorterminal.com/compare/apertus-v1-5-8b-vs-ripple-65b-preview.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- [Apodex-1.1-mini vs Ripple-65B Preview](https://www.anchorterminal.com/compare/apodex-1-1-mini-vs-ripple-65b-preview.md)\n- 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