ModelsModel releaseLarge Language Models · Business, Funding & Industry · Efficiency & Inference3 sources · Oct 19, 2026

MiniMax M3.1 Flash shows China's AI price race has no floor in sight

The article MiniMax M3.1 Flash shows China's AI price race has no floor in sight appeared first on The Decoder.

Proof2 independent outlets1 community thread

Key points

  • MiniMax's M3.1 Flash jumps 13 points over its predecessor to 42 on the Artificial Analysis Intelligence Index, at half the cost.
  • MiniMax has just released MiniMax M3.1 Flash on its API, priced at $0.15 per 1M input tokens.
  • MiniMax also confirmed that Space Bunny was an earlier M3.1 Flash build.
  • According to the announcement, Space Bunny (the stealth model that showed up on OpenRouter in late September) was an earlier version of it.

Sources (3)

Extractive summary: sentences quoted from the sources.

Hype check

Questioned1 reported issue since

  1. Issue · Oct 19, 2026Fem Malfoy's Remembrall Incident
  2. Evaluation · Oct 19, 2026Krea 2 Turbo @ 4 steps (w/ my 4-step LoRA) vs MOSS SFT at 4 steps (ww AK's 4-step LoRA) - same prompt set you've seen me publish in the past (headline: MOSS is really good! and great job by AK on his LoRA)
  3. Evaluation · Oct 19, 2026The Model Swap Workshop: GPT-5.5 vs Kimi vs DeepSeek vs Mistral
  4. Evaluation · Oct 19, 20266M param character renderer: one reference image in, a minute of video out, tested against Blender truth
  5. Evaluation · Oct 19, 2026AI generates research ideas faster than I can test them. Anyone else? [R]
  6. Follow-up · Oct 19, 2026A bare IPython harness ties production coding agents with Qwen3.5-9B on TB-Lite, and tool-output normalization fixed most of the run-to-run variance

Before this

  1. Oct 18, 202672 hours, four big open weights drops. The only one that fits in 24GB came from NVIDIA, of all companies.
  2. Oct 17, 2026[AINews] High Taste Testers Ep. 1
  3. Oct 17, 2026deepseek-ai/DeepSeek-V4.1-Flash-1017
  4. Oct 17, 2026Nemotron 3.5 Bolt, Muse Spark Open, and a Fast LFM2.5 24B
  5. Oct 16, 2026Welcome Beam: a 501B open model you can own, customize, and scale
  6. Oct 15, 2026NVIDIA Nemotron 3.5 Super VL Powers Specialized Agents with Multimodal Reasoning

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