Price Per TokenPrice Per Token
Minimax
Minimax
vs
OpenAI
OpenAI

MiniMax M2 vs GPT-5.4

A detailed comparison of pricing, benchmarks, and capabilities

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Key Takeaways

MiniMax M2 wins:

  • Cheaper input tokens
  • Cheaper output tokens
  • Faster response time
  • Higher intelligence benchmark
  • Better at math
  • Has reasoning mode

GPT-5.4 wins:

  • Larger context window
  • Better at coding
  • Supports vision
Price Advantage
MiniMax M2
Benchmark Advantage
MiniMax M2
Context Window
GPT-5.4
Speed
MiniMax M2

Pricing Comparison

Benchmark Comparison

Context & Performance

Capabilities

Feature Comparison

FeatureMiniMax M2GPT-5.4
Vision (Image Input)
Tool/Function Calls
Reasoning Mode
Audio Input
Audio Output
PDF Input
Prompt Caching
Web Search

License & Release

PropertyMiniMax M2GPT-5.4
LicenseOpen SourceProprietary
AuthorMinimaxOpenAI
ReleasedOct 2025Mar 2026

MiniMax M2 Modalities

Input
text
Output
text

GPT-5.4 Modalities

Input
textimagefile
Output
text

Frequently Asked Questions

MiniMax M2 has cheaper input pricing at $0.26/M tokens. MiniMax M2 has cheaper output pricing at $1.00/M tokens.
GPT-5.4 scores higher on coding benchmarks with a score of 41.0, compared to MiniMax M2's score of 29.2.
MiniMax M2 has a 196,608 token context window, while GPT-5.4 has a 1,050,000 token context window.
MiniMax M2 does not support vision. GPT-5.4 supports vision.