Claude Fable 5 vs LongCat-2.5
Anthropic · US | Meituan · China · Updated June 2026
Quick verdict
Pick Claude Fable 5 for the hardest reasoning and most complex problems or long-horizon, multi-step agentic work. Pick LongCat-2.5 for native multimodal upgrade to longcat-2.0 - 1.6t total parameters, about 48b active per token or limited-time api price of $0.30/$1.20 per million tokens (cached input $0.006). On a tight budget at scale, LongCat-2.5 is the value pick.
Claude Fable 5 (Anthropic, US) and LongCat-2.5 (Meituan, China) line up two different AI ecosystems against each other — a comparison that is as much about cost philosophy and openness as raw capability. Claude Fable 5 is anthropic's top public Mythos-class model and its most capable yet, though tier access was temporarily suspended in June 2026 under a US export-control directive. LongCat-2.5 is meituan's November 2, 2026 natively multimodal successor to LongCat-2.0 - 1.6T parameters and 1M context at $0.30/$1.20, with open weights planned but undated. Their biggest split is price, and the breakdown below shows exactly how that plays out for your workload.
Key differences at a glance
- ▸Price: LongCat-2.5 is about 33× cheaper on input ($0.3/$1.2 per 1M tokens vs $10/$50 per 1M tokens) — a large enough gap that at scale it can be the single biggest line item in the decision.
- ▸Context window: both advertise 1M (~1,500 pages). Tie on paper — test on your own long inputs, since usable recall varies by model.
- ▸Recency: LongCat-2.5 is the newer model by about 5 months (released November 2, 2026), usually meaning fresher training data and capabilities.
- ▸Ecosystem: this is a US-vs-China matchup — they differ in pricing philosophy, data-residency options, and tooling ecosystems, not only benchmarks.
Side-by-side specs
| Spec | Claude Fable 5 | LongCat-2.5 |
|---|---|---|
| Provider | Anthropic (US) | Meituan (China) |
| Released | June 9, 2026 | November 2, 2026 |
| Context window | 1M (~1,500 pages) | 1M tokens (~1,500 pages) |
| Price (in/out) | $10/$50 per 1M tokens | $0.3/$1.2 per 1M tokens |
| Open weight? | No — API only | No — API only |
| Modalities | text, image, code | text, image, code |
| SWE-Bench Verified | Not published | Not published |
| MRCR v2 @ 1M | Not published | Not published |
Who wins what
The hardest reasoning and most complex problems
Claude Fable 5
Claude Fable 5 lists the hardest reasoning and most complex problems among its strengths; LongCat-2.5 does not.
Long-horizon, multi-step agentic work
Claude Fable 5
Claude Fable 5 lists long-horizon, multi-step agentic work among its strengths; LongCat-2.5 does not.
Frontier-level analysis and research
Claude Fable 5
Claude Fable 5 lists frontier-level analysis and research among its strengths; LongCat-2.5 does not.
Native multimodal upgrade to LongCat-2.0 - 1.6T total parameters, about 48B active per token
LongCat-2.5
Meituan's November 2, 2026 natively multimodal successor to LongCat-2.0 - 1.6T parameters and 1M context at $0.30/$1.20, with open weights planned but undated — and it runs cheaper at $0.3/$1.2 per 1M tokens.
Limited-time API price of $0.30/$1.20 per million tokens (cached input $0.006)
LongCat-2.5
At $0.3/$1.2 per 1M tokens it undercuts Claude Fable 5 ($10/$50 per 1M tokens), and that gap compounds at volume.
Meituan-reported Terminal-Bench v2.1 of 88.4, up from 70.8 for LongCat-2.0
LongCat-2.5
Meituan's November 2, 2026 natively multimodal successor to LongCat-2.0 - 1.6T parameters and 1M context at $0.30/$1.20, with open weights planned but undated — and it is the newer of the two.
Lowest cost at scale
LongCat-2.5
At $0.3/$1.2 per 1M tokens, it is the cheaper of the two — the gap dominates the bill on high-volume workloads.
Which should you pick?
A cost-sensitive startup shipping high volume
→ LongCat-2.5
At $0.3/$1.2 per 1M tokens it undercuts Claude Fable 5, and on millions of tokens that margin decides the monthly bill.
Anyone whose priority is the hardest reasoning and most complex problems
→ Claude Fable 5
It is specifically built for that.
Anyone whose priority is native multimodal upgrade to longcat-2.0 - 1.6t total parameters, about 48b active per token
→ LongCat-2.5
That is its strongest area.
An enterprise with regional data-residency rules
→ Claude Fable 5 or LongCat-2.5
Origin (US vs China) affects where data is processed and which compliance regime applies — check the provider's terms for your region.
Claude Fable 5: where it fits
Anthropic's top public Mythos-class model and its most capable yet, though tier access was temporarily suspended in June 2026 under a US export-control directive. Released June 9, 2026 by Anthropic, it is built for the hardest reasoning and most complex problems, long-horizon, multi-step agentic work, frontier-level analysis and research, and work where maximum capability outweighs cost.
Its trade-offs are real: highest price in the Claude lineup, and tier access was temporarily suspended in June 2026 under a US export-control directive. At $10 in / $50 out per million tokens, it sits in the premium price band.
LongCat-2.5: where it fits
Meituan's November 2, 2026 natively multimodal successor to LongCat-2.0 - 1.6T parameters and 1M context at $0.30/$1.20, with open weights planned but undated. Released November 2, 2026 by Meituan, it is built for native multimodal upgrade to LongCat-2.0 - 1.6T total parameters, about 48B active per token, limited-time API price of $0.30/$1.20 per million tokens (cached input $0.006), meituan-reported Terminal-Bench v2.1 of 88.4, up from 70.8 for LongCat-2.0, and openAI- and Anthropic-compatible API endpoints with a 1M-token context window.
Its trade-offs: aPI-only for now - GitHub and Hugging Face releases are planned but undated, and the license is unconfirmed (LongCat-2.0 is MIT), the $0.30/$1.20 rate is labeled limited-time, and Meituan says prices are subject to change, and benchmarks are Meituan's own, and sources found no independent score at launch. At $0.3 in / $1.2 out per million tokens, it sits in the budget price band.
The bottom line for this matchup
This is less "which is smarter" and more "which ecosystem fits." Claude Fable 5 (US) and LongCat-2.5 (China) differ on pricing philosophy, data-residency, and tooling as much as on raw scores. LongCat-2.5 is the cheaper option, which matters at volume. The pragmatic move is to run one real task through both and judge the outputs against your own constraints — including where your data is allowed to be processed.
Want both Claude Fable 5 and LongCat-2.5 without two subscriptions? LumiChats gives you these plus 40+ models under one ₹69/day pass (about $1/day) — draft with one, cross-check with the other.
See pricingFrequently asked questions
Is Claude Fable 5 or LongCat-2.5 better for coding?
Public SWE-Bench figures are not available for either model, so the honest test is your own repository — run an identical real bug through both. By design, Claude Fable 5 leans toward the hardest reasoning and most complex problems while LongCat-2.5 leans toward native multimodal upgrade to longcat-2.0 - 1.6t total parameters, about 48b active per token, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Claude Fable 5 or LongCat-2.5?
LongCat-2.5 is cheaper — $10/$50 per 1M tokens vs $0.3/$1.2 per 1M tokens, roughly 33× apart on input.
Which has the bigger context window?
Both advertise 1M (~1,500 pages). Remember advertised ≠ usable: recall typically degrades before the ceiling.
Can I use both Claude Fable 5 and LongCat-2.5 together?
Yes — a multi-model platform like LumiChats gives you Claude Fable 5, LongCat-2.5 and 40+ others under one ₹69/day pass (about $1/day), so you can draft with one and cross-check with the other instead of buying two subscriptions.
Which is newer, Claude Fable 5 or LongCat-2.5?
LongCat-2.5 — released November 2, 2026, about 5 months after Claude Fable 5.
Related comparisons
Specifications and benchmarks reflect publicly reported figures as of June 2026 and may change as providers release updates. Always verify on your own workload.