Open Weights, Hidden Strings: The New Enterprise Model Trade-off
MiniMax’s M2.5 is the latest proof that frontier-ish agent models are rapidly commoditizing on token price (≈$0.15/$1.20 per 1M input/output tokens; “Lightning” ≈$0.30/$2.40) while achieving competitive agent benchmarks. But, as we all know, cheap comes at a price; and governance is the bill that will come due.