GPT-5.4 vs MiniMax M2 (Comparative Analysis)
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Comparative Analysis: GPT-5.4 vs. MiniMax M2
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Overview
MiniMax M2 was released 4 months before GPT-5.4.
 GPT-5.4 |  MiniMax M2 | |
|---|---|---|
Model Provider The organization behind this AI's development | OpenAI | MiniMax |
Input Context Window Maximum input tokens this model can process at once | 1.1M tokens | 204.8K tokens |
Output Token Limit Maximum output tokens this model can generate at once | 128K tokens | 131.1K tokens |
Release Date When this model first became publicly available | March 5, 2026 4 months ago March 5th, 2026 | October 23, 2025 9 months ago October 23rd, 2025 |
Capabilities & Features
Compare supported features, modalities, and advanced capabilities
GPT-5.4 | MiniMax M2 | |
|---|---|---|
Input Types Supported input formats | 📝Text🖼️Image📁File | 📝Text |
Reasoning Controls Defaults and configurable reasoning effort | OptionalEffort: Extra High, High, Medium, Low, NoneDefault: Medium | Always enabled |
Output Types Supported output formats | 📝Text | 📝Text |
Tokenizer Text encoding system | GPT | Other |
Key Features Advanced capabilities | ✓Function Calling✓Structured Output✓Reasoning ModeContent Moderation | ✓Function Calling✓Structured Output✓Reasoning ModeContent Moderation |
Open Source Model availability | Proprietary | Available on HuggingFace → |
Pricing
GPT-5.4 is roughly 9.6x more expensive compared to MiniMax M2 for input tokens and roughly 14.7x more expensive for output tokens.
| GPT-5.4 | MiniMax M2 | |
|---|---|---|
Short Context Pricing Base rates before a long-context threshold applies | ||
Input Token Cost Cost per million input tokens | $2.50 per million tokens | $0.26 per million tokens |
Output Token Cost Cost per million output tokens | $15.00 per million tokens | $1.02 per million tokens |
Web Search Cost Additional cost for each web search operation | $0.01 per search | Not specified |
Cache Read Cost Cost to reuse cached input tokens | $0.25 per million tokens | Not specified |
Long Context Pricing Rates for prompts with 272,000 or more tokens | ||
Input Token Cost Long-context input cost per million tokens | $5.00 per million tokens | Not specified |
Output Token Cost Long-context output cost per million tokens | $22.50 per million tokens | Not specified |
Cache Read Cost Long-context cache read cost per million tokens | $0.50 per million tokens | Not specified |
Benchmarks
Compare relevant benchmarks between GPT-5.4 and MiniMax M2.
| GPT-5.4 | MiniMax M2 | |
|---|---|---|
Intelligence Index Overall model quality across independent evaluations | 51.4 (Artificial Analysis index; higher is better) | Benchmark not available. |
Coding Index Programming performance across independent evaluations | 71.1 (Artificial Analysis index; higher is better) | Benchmark not available. |
Agentic Index Ability to complete multi-step agentic tasks | 41.1 (Artificial Analysis index; higher is better) | Benchmark not available. |
Best Design Arena Score Highest human-preference Elo score across design arenas | 1,296 Elo (#19 in Game Dev (57.6% win rate)) | 1,175 Elo (#60 in Game Dev (48.1% win rate)) |
At a Glance
Quick overview of what makes GPT-5.4 and MiniMax M2 unique.
GPT-5.4 by OpenAI understands both text and images, can use external tools and APIs, offers advanced reasoning, generates structured data. It can handle standard conversations with its 1.1M token context window. Premium pricing at $2.50/M input and $15.00/M output tokens. Released March 5th, 2026.MiniMax M2 by MiniMax can use external tools and APIs, offers advanced reasoning, generates structured data. It can handle standard conversations with its 204.8K token context window. Very affordable at $0.26/M input and $1.02/M output tokens. Released October 23rd, 2025.Explore More Comparisons
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Best models for coding and development
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Models optimized for creative writing
📢Marketing
Content creation and marketing tasks
💻Technology
Technical analysis and explanations
🔬Science
Scientific research and analysis
🌐Translation
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