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On October 19, 2026, MiniMax released the M3.1 Flash model. The company says it costs one-third as much as M3 and is 3 times faster, with a unified API price of $0.15/$0.60 per 1M input/output tokens and cached reads at $0.015 per 1M tokens; it had previously been tested anonymously on OpenRouter under the name Space Bunny, ranking first on the model leaderboard for 10 consecutive days. On October 20, the model launched on platforms including Ollama, GMI Cloud, Cline, and OpenClaw, with Cline offering it for free; third-party testing compared it with Claude Opus 5.5, and both completed a Three.js task on the first attempt. On October 21, Parallel Web Systems' search capability efficiency leaderboard ranked it first. On October 22, MiniMax announced that Inferact had become its API launch partner, and the model launched on Runware. On October 23, MiniMax said SGLang and Miles provided support on the first day of release.
AI-generated from public reports
Latest development · Report
Kimi K3.1 Pro Released: Capabilities Improved, but Price Is 16 Times That of DeepSeek and MiniMax FlashDevelopments
11 confirmed developments
MiniMax thanks teams including SGLang for supporting M3.1 Flash
Source:MiniMaxMiniMax announces Inferact as the API launch partner for M3.1 Flash
Source:MiniMaxMiniMax announces that M3.1 Flash is now available on Runware
Source:MiniMaxMiniMax says M3.1 Flash tops search capability efficiency leaderboard
Source:MiniMax- Source:MiniMax
MiniMax announces that M3.1 Flash is now available on Cline and can be used for free
Source:MiniMaxAYi hands-on comparison of Claude Opus 5.5 and MiniMax M3.1 Flash
Source:Ayi AI Notes- Source:OpenClaw
WorkBuddy showcases MiniMax M3.1 Flash single-prompt generated flow field
Source:Tencent WorkBuddy- Source:MiniMax
- Source:MiniMax
Reports and discussion timeline
Browse reports and discussion by time. Their evidence levels remain distinct.
Oct 24
Huxiu
Kimi K3.1 Pro Released: Capabilities Improved, but Price Is 16 Times That of DeepSeek and MiniMax Flash
Moonshot AI released Kimi K3.1 Pro on October 24, retaining K3's 2.8 trillion parameters without redoing pretraining, and raised its Artificial Analysis composite intelligence index from about 44 to about 55 by increasing post-training compute and joint reinforcement learning across hundreds of domains. Its pricing is $2 and $10 per million input/output tokens, or $12 for 1 million tokens each, 16 times the $0.75 idle-time rate of MiniMax M3.1 Flash and DeepSeek V4.1 Flash-1017. The article also compares the three vendors' respective reinforcement in 3D modeling and financial research, full project development, and computer operation and cross-application workflows, and notes that some users report 3D tasks consume tokens so fast that they hit the quota limit.
NVIDIA RTX SparkRelated discussion
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This post contributes to heat; it is not a formal report or confirmed fact.
Oct 23
36Kr · AI
Kimi K3.1 suspected to appear on Arena, official video reveals model name
Kimi officially released a 24-second video, in which the model field of Kimi Code shows Kimi K3.1; previously an anonymous model Kibitz appeared on Arena and was suspected by netizens to be K3.1. Kibitz performed well in code tests such as 3D courtyard and pelican SVG, and a model-tracking account judged through Tokenizer features that it belongs to the Moonshot AI Kimi model family. Code commits in the SGLang repository show that K3.1 uses the same Tokenizer and 16 special Tokens as K3, and may add a new medium reasoning intensity tier.
TMTPost · AGI
Kimi K3.1 suspected to have appeared on Arena; official video reveals model name
Kimi officially released a 24-second video, in which the model field of Kimi Code shows Kimi K3.1; previously an anonymous model Kibitz appeared on Arena, which tracking accounts judged to have characteristics of the Moonshot AI model family. Commits in the SGLang repository show that K3.1 uses the same Tokenizer and 16 special Tokens as K3, and adds a medium reasoning intensity tier. K3 was previously priced at 3 USD per million input Tokens and 15 USD per million output Tokens, while Claude Opus 5.5 has dropped to 4 USD and 20 USD.
Testing CatalogRelated discussion
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IT Home · Artificial Intelligence
MiniMax Open-Sources M3.1 Flash Model Weights with 428B Total Parameters
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Adina YakupRelated discussion
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MiniMaxRelated discussion
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MiniMaxFirst-party
MiniMax M3.1 Flash Gets Day-One Support from SGLang and Miles
MiniMax announced that M3.1 Flash is ready from inference to RL, with SGLang and Miles providing support on the very first day of release. According to SGLang, the model achieves over 1K tok/s for bs1 decode on SGLang, supports NVIDIA Blackwell and Hopper (GB300/B300/B200/H200) as well as AMD Instinct MI350X and MI355X, and supports MiniMax's DSpark draft model along with HiCache and multimodal input.
36Kr · AI
MiniMax Hong Kong stock falls below IPO price, Yan Junjie's net worth shrinks by about HK$92.5 billion in half a year
On October 22, MiniMax (0100.HK) closed down 6.52% at HK$160.7 per share, with total market value falling to HK$56.6 billion, falling below the IPO price of HK$165 per share for the first time since listing. Compared with the high of HK$1,330 per share in March, the stock price has fallen nearly 90%, and the value of founder Yan Junjie's stake has dropped from more than HK$100 billion to about HK$12.7 billion. The article attributes the pullback to the flagship model M3 not being updated for four months afterward, with only M3.1 Flash released, as well as an overall valuation re-rating of the AI sector.
Oct 22
East Money
MiniMax Breaks Issue Price for First Time in Hong Kong; Zhipu Falls 7.1% on Same Day as LLM Price War Continues
On October 22, MiniMax's Hong Kong shares fell more than 7% intraday, hitting a low of HK$158.10 and closing at HK$160.70, below the HK$165 issue price—its first break below the issue price since listing in January this year; on the same day, Zhipu closed down 7.1% at HK$460.80. MiniMax's share price has pulled back about 88% from its high, while Zhipu has pulled back about 85% from its high, with more than HK$1 trillion in market value wiped out. The article attributes the pullbacks to weakness in Hong Kong stocks and the price war: Zhipu launched GLM-5.3-Flash on August 26, pricing it at one-tenth of the flagship GLM-5.3; OpenAI released the GPT-6 series on September 23 and announced a permanent 50% API price cut; MiniMax released M3.1 Flash on October 19, saying the overall cost of use for Agentic tasks is 70% lower than the previous generation.
MiniMaxFirst-party
MiniMax announces Inferact as the API launch partner for M3.1 Flash
MiniMax announces Inferact as the API launch partner for M3.1 Flash; the latter will provide vLLM engineering capabilities and the Inferact Platform to support production inference for this model. Both parties state that they will continue to jointly build serving infrastructure for complex agent workloads. In a quoted post, Inferact stated that M3.1 Flash is aimed at multi-step automation, real-codebase engineering, and visual reasoning, scoring 29.6 on Agents' Last Exam (ALE), 72.5% on AutomationBench-AA, and 73.67% on DeepSWE.
MiniMaxFirst-party
MiniMax M3.1 Flash is now available on Runware, with the call string minimax:m3.1@flash
MiniMax officially stated that M3.1 Flash is now available on Runware, and the model string "minimax:m3.1@flash" is used when calling it. According to Runware, the model supports text, image, and video input, has a 1M context window and up to 524K output tokens, offers adjustable reasoning depth, scores 42 on the Artificial Analysis Intelligence Index, 72.5% on AutomationBench-AA, and 73.7% on DeepSWE, and costs less per token than MiniMax M3.
Oct 21
AYi AI Notes
MiniMax M3.1 Flash hands-on comparison with Claude Opus 5.5
MiniMax's newly released M3.1 Flash and Claude Opus 5.5 were tested with the same Three.js prompt, and both ran successfully on the first try; M3.1 Flash detected 4 potential rendering errors on its own and fixed them, kept the frame rate steady at 60 fps, and even added a control panel unprompted. M3.1 Flash costs $0.6 per million output tokens and $0.015 for cache reads, is 3x faster than the previous-generation M3 at two-thirds lower cost, and tops Automation-Bench with 62.2, but scores only 38.1 on Terminal Bench 4.0, trailing Opus 5's 51.8.
LeiphoneSelected
MiniMax M3.1 Flash released, tops Agent task evaluation
MiniMax released M3.1 Flash and claimed the previously anonymous model Space Bunny; it ranked first in the Automation-Bench complex Agent task comparison, and tied for first with Opus 5 on BankerToolBench at 76.2%. Leiphone used the same 3D campus building task for a real-world test: MiniMax Code plus M3.1 Flash took 55.4 minutes, while OpenCode plus DeepSeek V4.1 Flash took about 121 minutes, with model costs for both around 6.5 yuan. Pricing is 1 yuan per million input Tokens, 4 yuan for output, and 0.1 yuan for cache reads, roughly half the input and output prices of the previous generation M3, with no peak/off-peak distinction all day.
Titanium Media · AGISelected
MiniMax Releases M3.1 Flash, Tested Frontend Coding Capabilities
MiniMax claimed the anonymous model Space Bunny on October 19 and officially released M3.1 Flash, which uses a sparse attention architecture with 428B total parameters and about 23B activated, nearly 3x faster inference, 70% lower usage cost, and pricing of 1 yuan per million input tokens, 4 yuan for output, and 0.1 yuan for cache reads. Model weights will be open-sourced on October 23, and the official announcement previews a Pro version with a higher intelligence ceiling coming soon. The author replaced the community-viral cases with four new questions of the same type for retesting, and believes its frontend Coding capabilities improved noticeably while retaining the self-verification behavior of proactively opening a browser to trial and error.
MiniMaxFirst-party
MiniMax M3.1 Flash Tops Search Efficiency Leaderboard
Parallel Web Systems' search capability efficiency leaderboard shows MiniMax M3.1 Flash in first place, with web research performance comparable to DeepSeek V4.1 Flash (1017) at roughly 3x lower cost. MiniMax officially reposted and thanked them, emphasizing that the model is very fast.
Oct 20
OpenClawFirst-party
MiniMax M3.1 Flash Now Available on OpenClaw
OpenClaw has announced that MiniMax's MiniMax M3.1 Flash is now available in OpenClaw. Users running v2026.10.1 or a newer version do not need to update OpenClaw.
36Kr · AI
MiniMax Releases M3.1 Flash, Scoring 29.6% on Agents' Last Exam to Rank First Among Chinese Models
MiniMax has officially released M3.1 Flash, the model previously known as Space Bunny (Yutu) that topped the charts anonymously on OpenRouter. It scores 29.6% on Agents' Last Exam, ranking first among Chinese models. The model achieves 73.7% on DeepSWE v1.1, 82.2 points on CyberGym, and 61.7 points on OSWorld V2, with output speeds of up to 200+ TPS and a P50 maintained at 170+ TPS. Pricing is 1 yuan per million input tokens, 4 yuan for output, and 0.1 yuan for cache reads.
QbitAI
MiniMax Releases M3.1 Flash Model, ALE Score of 29.6% Ranks First Among Domestic Models
MiniMax officially released M3.1 Flash, formerly known as Space Bunny (Yutu), which previously topped the charts anonymously on OpenRouter. The model scores 29.6% on Agents' Last Exam, ranking first among domestic models, and scores 43 on the AA leaderboard; it achieves 73.7% on DeepSWE v1.1, 82.2 points on CyberGym, 76.2 points on BankerToolBench, tying for first with Claude Opus 5, and 61.7 points on OSWorld V2. The model adopts a sparse attention architecture, with output speeds of up to 200+ TPS and a median of 170+ TPS, input at 1 yuan per million tokens, output at 4 yuan, and cache reads at 0.1 yuan, with comprehensive usage costs reduced by 70% compared to the previous generation M3.
ayi_ai_notes
English translation is being prepared.
A Yi AI Notes
Hands-on test of MiniMax M3.1 Flash and Claude Opus 5.5 writing a Three.js solar system
The author tested MiniMax M3.1 Flash and Claude Opus 5.5 simultaneously with the same Three.js prompt, and both ran successfully on the first try. M3.1 Flash costs $0.6 per million output tokens and $0.015 for cache reads; during initialization it detected and fixed 4 potential rendering errors on its own, kept the frame rate steady at 60 fps, and even proactively added a control panel that the prompt did not request; Opus 5.5 is more refined in lighting and layout. On benchmarks, M3.1 Flash ranks first on Automation-Bench with 62.2, and scores 38.1 on Terminal Bench 4.0, lower than Opus 5's 51.8.
Tencent WorkBuddy
MiniMax M3.1 Flash generates a virtual river from a single prompt
WorkBuddy tested MiniMax M3.1 Flash with a single prompt, without providing a reference image or scaffolding; the model returned a curl-noise flow field, six real-time parameters, and a GUST button that can break up the water flow. The prompt is included in the reply.
testingcatalog
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latent_space
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sspai_feed
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caixin_tech
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caixin_tech
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siliconangle
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the_new_stack
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MiniMaxFirst-party
MiniMax M3.1 Flash Launches on GMI Cloud
MiniMax announced that M3.1 Flash (also known as Space Bunny) is now available on GMI Cloud, and thanked the company for completing integration on day0. According to GMI Cloud, the model is designed for coding, agentic workflows, and computer use, cutting agentic task costs by 70%, scoring 73.7% on DeepSWE v1.1 and 82% on CyberGym.
MiniMaxFirst-party
MiniMax M3.1 Flash launches on Cline and is free to use
MiniMax announced that M3.1 Flash is now live on Cline and free to use, targeting agentic coding tasks that take a long time and where costs add up quickly. MiniMax thanked Cline for completing integration on launch day and recommends users try it on their most complex repositories.
MiniMaxFirst-partySelected
MiniMax officially releases M3.1 Flash, previously tested anonymously on OpenRouter as Space Bunny
MiniMax has officially released M3.1 Flash. The model was previously launched anonymously on OpenRouter under the name Space Bunny, where it ranked first on the model leaderboard for 10 consecutive days and processed 56.7T tokens. M3.1 Flash is now live on OpenRouter and free to use for 72 hours.
MiniMaxFirst-party
MiniMax officially releases M3.1 Flash, which previously ranked #1 on OpenCode for 12 consecutive days as an anonymous model
MiniMax officially releases M3.1 Flash. The model previously ranked #1 on OpenCode for 12 consecutive days as an anonymous model, processing 106T tokens during that period. MiniMax says the earlier release was an early version; the full version is now live and free on OpenCode for 3 days.
MiniMaxFirst-party
MiniMax M3.1 Flash Launches on Ollama
MiniMax announced that M3.1 Flash gained support on Ollama on its first day of launch, with the model hosted in the US with zero data retention and ready for direct use in agent development. Ollama said the model supports image understanding and a 1M-token context window, is suited to fast coding and agentic workflows, and provided the commands for calling it on Ollama Cloud as well as in Claude Code and Codex.
the_decoder
English translation is being prepared.
Oct 19
Artificial AnalysisSelected
MiniMax-M3.1-Flash scores 42 on the Artificial Analysis Intelligence Index
MiniMax-M3.1-Flash scores 42 on the Artificial Analysis Intelligence Index, 13 points higher than MiniMax-M3, at less than half the latter's per-task cost. It scores 48% on Humanity's Last Exam and 22% on CritPt, both higher than GLM-5.3-Flash and Gemini 3.8 Flash, and slightly lower than DeepSeek V4.1 Flash 1017. The model has a 1M-token context window, supports text and image input, is priced at $0.15/$0.60 per 1M input/output tokens, and its weights are currently closed-source; MiniMax announced that it will open the weights on October 23.
ZhidongxiSelected
MiniMax M3.1 Flash released: output 200+TPS, price halved
MiniMax released M3.1 Flash, a lightweight model positioned for Coding/Agent optimization, with a 1 million token context, output speed reaching 200+TPS in everyday scenarios, with P50 stable at 170+TPS. Its input price is 1 yuan per million tokens, output 4 yuan per million tokens, and cache read 0.1 yuan per million tokens, roughly half of DeepSeek V4.1 Flash-1017's peak-hour price. On Automation-Bench v1.0.6 it scored 62.2 points, surpassing DeepSeek's 60.5 points; on DeepSWE v1.1 it scored 73.7 points, lower than DeepSeek's 77.0 points.
marktechpostSelected
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testingcatalog
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openrouterFirst-party
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MiniMaxFirst-party
MiniMax releases the M3.1 Flash model, at one-third the cost of M3 and 3x faster
MiniMax has released M3.1 Flash, which reaches frontier-level performance on tasks such as Cowork (Automation-Bench 62%, ALE 30%), coding (DeepSWE 74%), and visual reasoning (BabyVision 91%), at one-third the cost of M3 and 3x the speed. The unified API price is $0.15/$0.60 per 1M input/output tokens, with cache reads at $0.015 per 1M tokens. The company says Space Bunny, which previously topped global leaderboards and processed 200T+ tokens, is an early version of M3.1 Flash, and the model weights will be released on October 23.
Ayi AI Notes
MiniMax Claims Blind-Test Model Space Bunny, Confirms It as MiniMax-M3.1-Flash
MiniMax officially tweeted to claim the mysterious model Space Bunny on an overseas blind-test platform, confirming it as the upcoming MiniMax-M3.1-Flash. The model had previously drawn developer attention in blind tests with a speed of about 100 words per second and a one-million-token context window; community tests measured generation speed steady at 85 to 112 words per second, and it can run through complex 3D scenes and code builds in a single pass within three minutes, and respond quickly in multi-file project repairs.
MiniMaxFirst-party
MiniMax-M3.1-Flash Is Coming Soon
MiniMax's official account posted a teaser that MiniMax-M3.1-Flash is about to launch, with the caption "Welcome back. Space Bunny. 🚀".
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