DeepSeek-V3.2 (Thinking) vs MiniMax M2.5: Specs & Benchmark Comparison
| Characteristic | DeepSeek-V3.2 (Thinking) | MiniMax M2.5 |
|---|---|---|
| Company | DeepSeek | MiniMax |
| Release Date | November 30, 2025 | February 11, 2026 |
| Parameters | 685B | 230B |
| Multimodal | No | Yes |
| Context (input) | 131K | — |
| Context (output) | 66K | — |
| Input Price / 1M | $0.28 | — |
| Output Price / 1M | $0.42 | — |
| Average Score | 0.9 | 0.7 |
Verdict
MiniMax M2.5 leads in 1 out of 2 comparison categories.
Overall Performance
Both models show comparable average scores: DeepSeek-V3.2 (Thinking) — 0.9, MiniMax M2.5 — 0.7.
Recency
MiniMax M2.5 is newer: released 2/11/2026 vs 11/30/2025.
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The DeepSeek-V3.2 (Thinking) and MiniMax M2.5 comparison is updated for 2026. Data includes benchmark results, API pricing, context window size and other specifications. For more detailed information, visit the DeepSeek-V3.2 (Thinking) or MiniMax M2.5 page. See also the complete list of AI model comparisons.