MiniMax vs 
Moonshot AI
Verdict
- Moonshot AI's flagship leads: Kimi K3.1 Pro at 66.9 vs MiniMax M3.1 Flash at 61.9.
- Moonshot AI's fastest ranked model (Kimi K2 Thinking, 121 tok/s) beats MiniMax's (MiniMax-M2, 99 tok/s).
- MiniMax publishes more open-weights models (10 vs 9).
- Moonshot AI ships more often: one model every 56 days against every 57.
Best model per price band
Each provider’s highest-index model below the price ceiling. Purple marks the winner of the band.
| Price band | MiniMax | Moonshot AI |
|---|---|---|
| Under $0.50/M | MiniMax M3.1 Flash 61.9$0.262/M | – |
| Under $2/M | MiniMax M3.1 Flash 61.9$0.262/M | Kimi K2.6 thinking 59.4$1.71/M |
| Under $10/M | MiniMax M3.1 Flash 61.9$0.262/M | Kimi K3.1 Pro 66.9$4.00/M |
| Any price | MiniMax M3.1 Flash 61.9$0.262/M | Kimi K3.1 Pro 66.9$4.00/M |
Line-up
| Metric | MiniMax | Moonshot AI |
|---|---|---|
| Flagship index | 61.9 | 66.9 |
| Ranked models | 7 | 9 |
| Open-weights models | 10 | 9 |
| Cheapest ranked, $/M | $0.262 | $1.00 |
| Fastest ranked, tok/s | 99 | 121 |
| Release cadence, days | 57 | 56 |
| Last release | 19 Oct 2026 | 23 Oct 2026 |
| Next expected | 22 Nov 2026 – 6 Jan 2027 | 25 Nov 2026 – 9 Jan 2027 |
Data as of 25 Oct 2026. See MiniMax and Moonshot AI in full.