At a Glance · AI-generated

MiniMax released M3.1 Flash on October 19, a 428-billion-parameter mixture-of-experts agentic model priced at $0.15 per million input tokens. The company claims the model reduces AI agent operational costs by 70 percent compared to existing alternatives. The launch underscores intensifying price competition in China's artificial intelligence sector, with providers continuing to lower costs amid a crowded market.