❯ MiniMax M3.1 Flash is live with domestic API input pricing at RMB1 per million tokens

Released earlier this weekMiniMax launched M3.1 Flash on October 19; it is now available through the API, M Plan and MiniMax Code. The official announcement lists domestic pricing of RMB1 per million input tokens, RMB4 for output and RMB0.1 for cached input. Tokens are processing and billing units; output and cache hits carry separate rates.

Speed and task economicsMiniMax claims nearly threefold faster online inference and 70% lower overall cost for agent tasks versus the preceding generation. Task cost reflects both pricing and the calls and output needed for completion. Target uses include coding, computer operation, multi-step business workflows and cybersecurity.

Access and performance claimsCompany-reported results include 73.7% on DeepSWE v1.1 and 82% on CyberGym. Weights are promised later; hosted access is available now. Actual workflow economics will also depend on call count, output length, retries and successful completion.

▮ SIGNALAgent pricing increasingly competes on the cost of a completed task, shaped by speed, retries and success rates.