Model Comparison

GPT-5.4 vs MiniMax M2Which is better in 2026?

GPT-5.4 significantly outperforms across most benchmarks. MiniMax M2 is 10.7x cheaper per token.

Verdict: GPT-5.4 vs MiniMax M2 — which is better?

GPT-5.4 (by OpenAI) and MiniMax M2 (by MiniMax) are two of the AI models people compare most. Here is how they stack up on benchmarks, price and capabilities, and which one to pick in 2026.

GPT-5.4 outperforms in 4 benchmarks (BrowseComp, GPQA, Humanity's Last Exam, Tau2 Telecom), while MiniMax M2 is better at 0 benchmarks. GPT-5.4 significantly outperforms across most benchmarks.

On price, MiniMax M2 is roughly 10.7x cheaper per token on a blended 3:1 input/output basis, which adds up quickly at production volume.

Choose GPT-5.4 if…

  • you want the strongest raw capability — it leads on 4 of 4 shared benchmarks
  • you want the most recent training data — it shipped Mar 2026

Choose MiniMax M2 if…

  • cost matters — it's about 10.7x cheaper per token
  • you need open weights you can self-host or fine-tune
Want to compare interactively?Try the playground

Performance Benchmarks

Comparative analysis across standard metrics

4 benchmarks

GPT-5.4 outperforms in 4 benchmarks (BrowseComp, GPQA, Humanity's Last Exam, Tau2 Telecom), while MiniMax M2 is better at 0 benchmarks.

GPT-5.4 significantly outperforms across most benchmarks.

Sun Jun 07 2026 • llm-stats.com

Arena Performance

Human preference votes

Pricing Analysis

Price comparison per million tokens

MiniMax M2 costs less

For input processing, GPT-5.4 ($2.50/1M tokens) is 8.3x more expensive than MiniMax M2 ($0.30/1M tokens).

For output processing, GPT-5.4 ($15.00/1M tokens) is 12.5x more expensive than MiniMax M2 ($1.20/1M tokens).

In conclusion, GPT-5.4 is more expensive than MiniMax M2.*

* Using a 3:1 ratio of input to output tokens

Lowest available price from all providers
Sun Jun 07 2026 • llm-stats.com
OpenAI
GPT-5.4
Input tokens$2.50
Output tokens$15.00
Best providerOpenAI
MiniMax
MiniMax M2
Input tokens$0.30
Output tokens$1.20
Best providerMiniMax
Notice missing or incorrect data?Start an Issue→

Context Window

Maximum input and output token capacity

Both models have the same input context window of 1,000,000 tokens. MiniMax M2 can generate longer responses up to 1,000,000 tokens, while GPT-5.4 is limited to 128,000 tokens.

OpenAI
GPT-5.4
Input1,000,000 tokens
Output128,000 tokens
MiniMax
MiniMax M2
Input1,000,000 tokens
Output1,000,000 tokens
Sun Jun 07 2026 • llm-stats.com

Input Capabilities

Supported data types and modalities

GPT-5.4 supports multimodal inputs, whereas MiniMax M2 does not.

GPT-5.4 can handle both text and other forms of data like images, making it suitable for multimodal applications.

GPT-5.4

Text
Images
Audio
Video

MiniMax M2

Text
Images
Audio
Video

License

Usage and distribution terms

GPT-5.4 is licensed under a proprietary license, while MiniMax M2 uses MIT.

License differences may affect how you can use these models in commercial or open-source projects.

GPT-5.4

Proprietary

Closed source

MiniMax M2

MIT

Open weights

Release Timeline

When each model was launched

GPT-5.4 was released on 2026-03-05, while MiniMax M2 was released on 2025-10-27.

GPT-5.4 is 4 months newer than MiniMax M2.

GPT-5.4

Mar 5, 2026

3 months ago

4mo newer
MiniMax M2

Oct 27, 2025

7 months ago

Knowledge Cutoff

When training data ends

Neither model specifies a knowledge cutoff date.

Unable to compare the recency of their training data.

No cutoff dates available

Provider Availability

GPT-5.4 is available from OpenAI. MiniMax M2 is available from MiniMax, Novita.

GPT-5.4

openai logo
OpenAI
Input Price:Input: $2.50/1MOutput Price:Output: $15.00/1M

MiniMax M2

minimax logo
MiniMax
Input Price:Input: $0.30/1MOutput Price:Output: $1.20/1M
novita logo
Novita
Input Price:Input: $0.30/1MOutput Price:Output: $1.20/1M
* Prices shown are per million tokens

Outputs Comparison

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Key Takeaways

OpenAI
Supports multimodal inputs
Higher BrowseComp score (82.7% vs 44.0%)
Higher GPQA score (92.8% vs 78.0%)
Higher Humanity's Last Exam score (39.8% vs 12.5%)
Higher Tau2 Telecom score (98.9% vs 87.0%)
MiniMax
Less expensive input tokens
Less expensive output tokens
Has open weights

Detailed Comparison

AI Model Comparison Table
Feature
OpenAI
GPT-5.4
MiniMax
MiniMax M2

FAQ

Common questions about GPT-5.4 vs MiniMax M2.

Which is better, GPT-5.4 or MiniMax M2?

GPT-5.4 significantly outperforms across most benchmarks. GPT-5.4 is made by OpenAI and MiniMax M2 is made by MiniMax. The best choice depends on your use case — compare their benchmark scores, pricing, and capabilities above.

How does GPT-5.4 compare to MiniMax M2 in benchmarks?

GPT-5.4 scores Tau2 Telecom: 98.9%, ARC-AGI: 93.7%, Graphwalks BFS <128k: 93.0%, GPQA: 92.8%, Graphwalks parents <128k: 89.8%. MiniMax M2 scores Tau2 Telecom: 87.0%, LiveCodeBench: 83.0%, MMLU-Pro: 82.0%, AIME 2025: 78.0%, GPQA: 78.0%.

Is GPT-5.4 cheaper than MiniMax M2?

MiniMax M2 is 8.3x cheaper for input tokens. GPT-5.4 costs $2.50/M input and $15.00/M output via openai. MiniMax M2 costs $0.30/M input and $1.20/M output via minimax.

What are the context window sizes for GPT-5.4 and MiniMax M2?

GPT-5.4 supports 1.0M tokens and MiniMax M2 supports 1.0M tokens. A larger context window lets you process longer documents, conversations, or codebases in a single request.

What are the main differences between GPT-5.4 and MiniMax M2?

Key differences include input pricing ($2.50 vs $0.30/M), multimodal support (yes vs no), licensing (Proprietary vs MIT). See the full comparison above for benchmark-by-benchmark results.

Who makes GPT-5.4 and MiniMax M2?

GPT-5.4 is developed by OpenAI and MiniMax M2 is developed by MiniMax.

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