Kimi K3 vs MiniMax M2 (Comparative Analysis)
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Comparative Analysis: Kimi K3 vs. MiniMax M2
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Overview
MiniMax M2 was released 8 months before Kimi K3.
 Kimi K3 |  MiniMax M2 | |
|---|---|---|
Model Provider The organization behind this AI's development | MoonshotAI | MiniMax |
Input Context Window Maximum input tokens this model can process at once | 1M tokens | 204.8K tokens |
Output Token Limit Maximum output tokens this model can generate at once | Not specified tokens | 131.1K tokens |
Release Date When this model first became publicly available | July 16, 2026 11 days ago July 16th, 2026 | October 23, 2025 9 months ago October 23rd, 2025 |
Capabilities & Features
Compare supported features, modalities, and advanced capabilities
Kimi K3 | MiniMax M2 | |
|---|---|---|
Input Types Supported input formats | 📝Text🖼️Image | 📝Text |
Reasoning Controls Defaults and configurable reasoning effort | Enabled by defaultEffort: Max, High, LowDefault: Max | Always enabled |
Output Types Supported output formats | 📝Text | 📝Text |
Tokenizer Text encoding system | Other | 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
Kimi K3 is roughly 11.5x more expensive compared to MiniMax M2 for input tokens and roughly 14.7x more expensive for output tokens.
| Kimi K3 | MiniMax M2 | |
|---|---|---|
Input Token Cost Cost per million input tokens | $3.00 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 |
Cache Read Cost Cost to reuse cached input tokens | $0.30 per million tokens | Not specified |
Benchmarks
Compare relevant benchmarks between Kimi K3 and MiniMax M2.
| Kimi K3 | MiniMax M2 | |
|---|---|---|
Intelligence Index Overall model quality across independent evaluations | 57.1 (Artificial Analysis index; higher is better) | Benchmark not available. |
Coding Index Programming performance across independent evaluations | 76.2 (Artificial Analysis index; higher is better) | Benchmark not available. |
Agentic Index Ability to complete multi-step agentic tasks | 50.1 (Artificial Analysis index; higher is better) | Benchmark not available. |
Best Design Arena Score Highest human-preference Elo score across design arenas | 1,456 Elo (#1 in 3D (69.2% win rate)) | 1,175 Elo (#60 in Game Dev (48.1% win rate)) |
At a Glance
Quick overview of what makes Kimi K3 and MiniMax M2 unique.
Kimi K3 by MoonshotAI understands both text and images, can use external tools and APIs, offers advanced reasoning, generates structured data. It can handle standard conversations with its 1M token context window. Premium pricing at $3.00/M input and $15.00/M output tokens. Released July 16th, 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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Compare MiniMax M2 with:
🚀Programming
Best models for coding and development
🎨Creative & Roleplay
Models optimized for creative writing
📢Marketing
Content creation and marketing tasks
💻Technology
Technical analysis and explanations
🔬Science
Scientific research and analysis
🌐Translation
Multilingual translation tasks