Moonshot AI's Kimi K2.5 is a 1T-parameter MoE model activating 32B per token with native multimodal vision via MoonViT-3D, Agent Swarm coordination of up to 100 sub-agents via PARL, and top-tier math and coding benchmarks under a modified MIT license.
Kimi K2.5 and MiniMax M2.5 compared side by side - two Chinese MoE models where the smaller, cheaper one actually wins on SWE-bench. A detailed analysis of when each model delivers more value.
DeepSeek V3.2 is a 671B-parameter MoE model activating 37B per token that delivers frontier-class reasoning and coding at the lowest API price in the industry - $0.14/$0.28 input, $0.42 output per million tokens.
Zhipu's GLM-4.7-Flash is a 30B-A3B MoE model that posts 59.2% on SWE-bench Verified and 79.5% on tau2-Bench while running on a single RTX 4090 - MIT licensed and free via the Z.AI API.
OpenAI's budget API workhorse pairs 128K context with $0.15/$0.60 per million token pricing, solid coding benchmarks, and the broadest third-party ecosystem of any small model.
Mistral Large 3 is a 675B-parameter MoE model activating 41B per token with native multimodal support, a 256K context window, and Apache 2.0 licensing - Europe's first frontier-class open-weight model.
