MiniMax has released its M3.1 Flash model, offering significant cost reductions and speed improvements over its predecessor, M2.7. The new model is available for free on Ollama Cloud until October 22, 2026, with a list price of $0.015 per 1M tokens post-promotion, making it substantially cheaper than Anthropic's Sonnet 5.5 and Opus 5.5 models. While MiniMax claims impressive benchmark scores, independent evaluations suggest a lower performance and a tendency to hallucinate when uncertain, necessitating careful use for specific tasks. AI
IMPACT Offers a significantly cheaper alternative for AI tasks, potentially lowering operational costs for developers and businesses.
RANK_REASON This is a product update and pricing change for an AI model, not a frontier release from a top-tier lab.
Read on dev.to — Claude Code tag →
- Anthropic
- Claude Code
- Claude Haiku 5.5
- .codex
- Medium
- MiniMax
- MiniMax M2.7
- MiniMax M3.1 Flash
- Ollama Cloud
- openCode
- OpenRouter
- Opus 5.5
- Sonnet 5.5
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