Chinese AI developer MiniMax launches M3, a new coding model that it says rivals Opus 4.7

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Summary

MiniMax, a Chinese AI developer, has launched M3, a new coding model that it claims rivals Opus 4.7, with a significantly lower cost of $0.12 per 1M input tokens compared to Opus 4.7's $5.

Why it matters

The launch of M3 is a significant development in the coding model space, potentially disrupting the market lead held by Opus 4.7.

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