MiniMax 2.7 Launches as Cost-Effective SOTA Open Model, GLM-5 at One-Third Cost

Summary

MiniMax has released its 2.7 model, which the AI News newsletter highlights as achieving state-of-the-art performance among open models at roughly one-third the cost of comparable alternatives. The release is positioned alongside GLM-5, suggesting competitive benchmarking between Chinese AI labs continues to intensify in the open-weight model space. The announcement underscores the ongoing trend of rapidly declining inference costs and improving performance among open-source and open-weight fou