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Model launches

MiniMax shipped an 'open-weight' model with no weights. Bold.

Frontier claims, vendor benchmarks, and a Hugging Face link that wasn't there yet.

The InsidersFeed DeskVerified June 2026

MiniMax M3 launched 1 June 2026 as 'open-weight' — but the weights weren't released.

MiniMax's M3 arrived on 1 June with the maximal pitch: first open-weight model to fuse frontier coding, million-token context and native multimodality. SWE-Bench Pro 59%, ahead of GPT-5.5 and Gemini 3.1 Pro. Pricing about a tenth of the closed frontier. Cracking — if you take it on faith.

What you couldn't do on launch day

Download it. Reproduce the benchmark. Self-host it. MiniMax said the weights would hit Hugging Face 'within about ten days', which means the one feature that distinguishes an open model from a closed one — you can actually run it — was a promise. The benchmarks, meanwhile, are vendor-run, on a brand-new model, with no independent check possible.

The market couldn't decide either: MiniMax's Hong Kong stock popped ~5% then closed down ~12% the same session — a launch and a gut-check in one afternoon. And the unglamorous footnote: under 12% on ARC-AGI-2. Coding monster, maybe; reasoning monster, no. Wait for the weights before you believe the chart.

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