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ResearchOctober 19, 2026

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

MiniMax's M3.1 Flash jumps 13 points over its predecessor to 42 on the Artificial Analysis Intelligence Index, at half the cost. It also hits 73.7 percent on the DeepSWE v1.1 coding benchmark for under $0.30 per task, matching Deepseek V4.1 Flash 1017 on both performance and…

Matthias Bastian·The Decoder
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Key Takeaways
  • 01.MiniMax's M3.1 Flash jumps 13 points over its predecessor to 42 on the Artificial Analysis Intelligence Index, at half the cost
  • 02.It also hits 73.7 percent on the DeepSWE v1.1 coding benchmark for under $0.30 per task, matching Deepseek V4.1 Flash 1017 on both performance and…

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