Local LLMs Answer 71% of Real Queries: MiMo Sets the Bar
Local large language models have significantly improved, now accurately handling 71.3% of real-world queries, a substantial leap from 23.2% last year, according to Stanford research. This advancement is exemplified by Xiaomi's new MiMo-v2.5-Pro model, a trillion-parameter open-weights model that matches top-tier closed models on coding benchmarks and achieves over 1,000 tokens per second on commodity hardware. The increasing capability and efficiency of local models are beginning to challenge the cost dominance of frontier API-based models, though some complex tasks still require more advanced solutions. AI
IMPACT Local models are rapidly closing the capability gap with frontier APIs, potentially inverting the cost calculus for millions of tokens processed monthly.