Pick Fugu Ultra v2.0 for sakana's own evaluation reports best-or-joint-best results on 5 of 8 benchmarks tested, including a 74.3 on the deepswe coding-repair benchmark or claims to outperform flagship models like gpt-6 astra and claude fable 5.1 despite its underlying orchestration pool reportedly excluding both of them. Pick Inkling for the first model release from mira murati's thinking machines lab (ex-openai cto) - one of the most closely-watched new labs in ai or a 975b-parameter moe (41b active) with native text, image, and audio reasoning in one model. Choose Inkling if you need self-hosting or data privacy; Fugu Ultra v2.0 if you want a managed API.
Fugu Ultra v2.0 (Sakana AI) and Inkling (Thinking Machines Lab) are two of the models people most often weigh against each other in 2026. Fugu Ultra v2.0 is sakana AI's flagship multi-agent orchestration model, claiming best-or-joint-best results on 5 of 8 self-reported benchmarks against monolithic frontier models — $5/$30 per million tokens. Inkling is mira Murati's Thinking Machines Lab debuts with Inkling - a 975B open-weight MoE with native multimodal reasoning and a dialable thinking-effort control. They diverge most on price and open vs. closed weights — each quantified below from the models' real specs.
Key differences
Cost model: Inkling ships open weights you can self-host (hardware cost only, no per-token fee), while Fugu Ultra v2.0 is API-metered at $5/$30 per 1M tokens. Your choice depends on whether you want zero marginal cost at the price of running infrastructure.
Context window: both advertise 1M tokens (~1,500 pages). Tie on paper — test on your own long inputs, since usable recall varies by model.
Recency: Fugu Ultra v2.0 is the newer model by about 57 days (released September 10, 2026), usually meaning fresher training data and capabilities.
Specifications
Spec
Fugu Ultra v2.0
Inkling
Provider
Sakana AI (Global)
Thinking Machines Lab (US)
Released
September 10, 2026
July 15, 2026
Context window
1M tokens (~1,500 pages)
1M (~1,500 pages)
Price (in/out)
$5/$30 per 1M tokens
Open weight (self-host / free)
Open weight?
No — API only
Yes — self-hostable
Modalities
text
text, image, audio, code
SWE-Bench Verified
Not published
Not published
MRCR v2 @ 1M
Not published
Not published
Who wins what
Sakana's own evaluation reports best-or-joint-best results on 5 of 8 benchmarks tested, including a 74.3 on the DeepSWE coding-repair benchmark: Fugu Ultra v2.0 — Inkling is comparatively weak here — independent third-party benchmark verification is still limited given how recently it shipped
Claims to outperform flagship models like GPT-6 Astra and Claude Fable 5.1 despite its underlying orchestration pool reportedly excluding both of them: Fugu Ultra v2.0 — Sakana AI's flagship multi-agent orchestration model, claiming best-or-joint-best results on 5 of 8 self-reported benchmarks against monolithic frontier models — $5/$30 per million tokens — and it is the newer of the two.
1M-token context window: Fugu Ultra v2.0 — Fugu Ultra v2.0 lists 1M-token context window among its strengths; Inkling does not.
The first model release from Mira Murati's Thinking Machines Lab (ex-OpenAI CTO) - one of the most closely-watched new labs in AI: Inkling — Open weights make this possible at all — Fugu Ultra v2.0 is API-only, so it cannot leave the vendor's servers.
A 975B-parameter MoE (41B active) with native text, image, and audio reasoning in one model: Inkling — Fugu Ultra v2.0 is comparatively weak here — not a single trained model — Sakana describes Fugu as "a Multi-Agent System, Delivered as One Model" that dynamically routes tasks across a pool of other models, so head-to-head benchmark framing against monolithic frontier models should be read skeptically
A dialable 'thinking effort' knob (0.2-0.99) that lets you trade speed for depth of reasoning per-request: Inkling — Mira Murati's Thinking Machines Lab debuts with Inkling - a 975B open-weight MoE with native multimodal reasoning and a dialable thinking-effort control — and its weights are open while Fugu Ultra v2.0 is API-only.
Lowest cost at scale: Inkling — Its weights are open, so at volume you pay for your own hardware instead of Fugu Ultra v2.0's $5/$30 per 1M tokens.
Which should you pick?
A cost-sensitive startup shipping high volume: Inkling — At Open weight (self-host / free) it undercuts Fugu Ultra v2.0, and on millions of tokens that margin decides the monthly bill.
A team with data-privacy or self-hosting needs: Inkling — Open weights let you run it on your own hardware; Fugu Ultra v2.0 is API-only.
Anyone whose priority is sakana's own evaluation reports best-or-joint-best results on 5 of 8 benchmarks tested, including a 74.3 on the deepswe coding-repair benchmark: Fugu Ultra v2.0 — It is specifically built for that.
Anyone whose priority is the first model release from mira murati's thinking machines lab (ex-openai cto) - one of the most closely-watched new labs in ai: Inkling — That is its strongest area.
Fugu Ultra v2.0: where it fits
Sakana AI's flagship multi-agent orchestration model, claiming best-or-joint-best results on 5 of 8 self-reported benchmarks against monolithic frontier models — $5/$30 per million tokens. Released September 10, 2026 by Sakana AI, it is built for sakana's own evaluation reports best-or-joint-best results on 5 of 8 benchmarks tested, including a 74.3 on the DeepSWE coding-repair benchmark, claims to outperform flagship models like GPT-6 Astra and Claude Fable 5.1 despite its underlying orchestration pool reportedly excluding both of them, and 1M-token context window.
Its trade-offs are real: not a single trained model — Sakana describes Fugu as "a Multi-Agent System, Delivered as One Model" that dynamically routes tasks across a pool of other models, so head-to-head benchmark framing against monolithic frontier models should be read skeptically, pricing rises to roughly $10/$45 per million tokens for prompts above 272K tokens, and benchmark comparisons against GPT-6 Astra and Claude Fable 5.1 are Sakana's own self-reported figures, not independently verified head-to-head scores. At $5 in / $30 out per million tokens, it sits in the premium price band.
Inkling: where it fits
Mira Murati's Thinking Machines Lab debuts with Inkling - a 975B open-weight MoE with native multimodal reasoning and a dialable thinking-effort control. Released July 15, 2026 by Thinking Machines Lab, it is built for the first model release from Mira Murati's Thinking Machines Lab (ex-OpenAI CTO) - one of the most closely-watched new labs in AI, a 975B-parameter MoE (41B active) with native text, image, and audio reasoning in one model, a dialable 'thinking effort' knob (0.2-0.99) that lets you trade speed for depth of reasoning per-request, and fully open weights (Apache 2.0) at frontier scale - unusual for a model this large and this new.
Its trade-offs: a brand-new lab's first release - no multi-generation track record yet, no official hosted API price - available via third-party hosts only at launch, and independent third-party benchmark verification is still limited given how recently it shipped. As an open-weight model, its running cost is your own hardware rather than a per-token fee.
The bottom line for this matchup
The defining split here is open vs. closed. Inkling gives you weights you control — self-host it, fine-tune it, keep data in-house, pay only for hardware. Fugu Ultra v2.0 gives you a managed, always-updated API with no infrastructure to run. Teams with GPUs, privacy requirements, or huge volume often favour the open model; teams that want zero ops and the latest capabilities favour the closed one. Capability is close enough that this operational question, not the benchmark, usually decides it.
Frequently asked questions
Is Fugu Ultra v2.0 or Inkling 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, Fugu Ultra v2.0 leans toward sakana's own evaluation reports best-or-joint-best results on 5 of 8 benchmarks tested, including a 74.3 on the deepswe coding-repair benchmark while Inkling leans toward the first model release from mira murati's thinking machines lab (ex-openai cto) - one of the most closely-watched new labs in ai, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Fugu Ultra v2.0 or Inkling?
Inkling is open-weight, so self-hosting means no per-token fee (you pay for hardware instead), while Fugu Ultra v2.0 is API-metered at $5/$30 per 1M tokens. For most teams without GPUs, the API model is cheaper to start; at very high volume, self-hosting can win.
Which has the bigger context window?
Both advertise 1M tokens (~1,500 pages). Remember advertised ≠ usable: recall typically degrades before the ceiling.
Can I use both Fugu Ultra v2.0 and Inkling together?
Yes — a multi-model platform like LumiChats gives you Fugu Ultra v2.0, Inkling 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, Fugu Ultra v2.0 or Inkling?
Fugu Ultra v2.0 — released September 10, 2026, about 57 days after Inkling.
Fugu Ultra v2.0 vs Inkling
Sakana AI · Global | Thinking Machines Lab · US · Updated June 2026
Quick verdict
Pick Fugu Ultra v2.0 for sakana's own evaluation reports best-or-joint-best results on 5 of 8 benchmarks tested, including a 74.3 on the deepswe coding-repair benchmark or claims to outperform flagship models like gpt-6 astra and claude fable 5.1 despite its underlying orchestration pool reportedly excluding both of them. Pick Inkling for the first model release from mira murati's thinking machines lab (ex-openai cto) - one of the most closely-watched new labs in ai or a 975b-parameter moe (41b active) with native text, image, and audio reasoning in one model. Choose Inkling if you need self-hosting or data privacy; Fugu Ultra v2.0 if you want a managed API.
Fugu Ultra v2.0 (Sakana AI) and Inkling (Thinking Machines Lab) are two of the models people most often weigh against each other in 2026. Fugu Ultra v2.0 is sakana AI's flagship multi-agent orchestration model, claiming best-or-joint-best results on 5 of 8 self-reported benchmarks against monolithic frontier models — $5/$30 per million tokens. Inkling is mira Murati's Thinking Machines Lab debuts with Inkling - a 975B open-weight MoE with native multimodal reasoning and a dialable thinking-effort control. They diverge most on price and open vs. closed weights — each quantified below from the models' real specs.
Key differences at a glance
▸Cost model: Inkling ships open weights you can self-host (hardware cost only, no per-token fee), while Fugu Ultra v2.0 is API-metered at $5/$30 per 1M tokens. Your choice depends on whether you want zero marginal cost at the price of running infrastructure.
▸Context window: both advertise 1M tokens (~1,500 pages). Tie on paper — test on your own long inputs, since usable recall varies by model.
▸Recency: Fugu Ultra v2.0 is the newer model by about 57 days (released September 10, 2026), usually meaning fresher training data and capabilities.
Side-by-side specs
Spec
Fugu Ultra v2.0
Inkling
Provider
Sakana AI (Global)
Thinking Machines Lab (US)
Released
September 10, 2026
July 15, 2026
Context window
1M tokens (~1,500 pages)
1M (~1,500 pages)
Price (in/out)
$5/$30 per 1M tokens
Open weight (self-host / free)
Open weight?
No — API only
Yes — self-hostable
Modalities
text
text, image, audio, code
SWE-Bench Verified
Not published
Not published
MRCR v2 @ 1M
Not published
Not published
Who wins what
Sakana's own evaluation reports best-or-joint-best results on 5 of 8 benchmarks tested, including a 74.3 on the DeepSWE coding-repair benchmark
Fugu Ultra v2.0
Inkling is comparatively weak here — independent third-party benchmark verification is still limited given how recently it shipped
Claims to outperform flagship models like GPT-6 Astra and Claude Fable 5.1 despite its underlying orchestration pool reportedly excluding both of them
Fugu Ultra v2.0
Sakana AI's flagship multi-agent orchestration model, claiming best-or-joint-best results on 5 of 8 self-reported benchmarks against monolithic frontier models — $5/$30 per million tokens — and it is the newer of the two.
1M-token context window
Fugu Ultra v2.0
Fugu Ultra v2.0 lists 1M-token context window among its strengths; Inkling does not.
The first model release from Mira Murati's Thinking Machines Lab (ex-OpenAI CTO) - one of the most closely-watched new labs in AI
Inkling
Open weights make this possible at all — Fugu Ultra v2.0 is API-only, so it cannot leave the vendor's servers.
A 975B-parameter MoE (41B active) with native text, image, and audio reasoning in one model
Inkling
Fugu Ultra v2.0 is comparatively weak here — not a single trained model — Sakana describes Fugu as "a Multi-Agent System, Delivered as One Model" that dynamically routes tasks across a pool of other models, so head-to-head benchmark framing against monolithic frontier models should be read skeptically
A dialable 'thinking effort' knob (0.2-0.99) that lets you trade speed for depth of reasoning per-request
Inkling
Mira Murati's Thinking Machines Lab debuts with Inkling - a 975B open-weight MoE with native multimodal reasoning and a dialable thinking-effort control — and its weights are open while Fugu Ultra v2.0 is API-only.
Lowest cost at scale
Inkling
Its weights are open, so at volume you pay for your own hardware instead of Fugu Ultra v2.0's $5/$30 per 1M tokens.
Which should you pick?
A cost-sensitive startup shipping high volume
→ Inkling
At Open weight (self-host / free) it undercuts Fugu Ultra v2.0, and on millions of tokens that margin decides the monthly bill.
A team with data-privacy or self-hosting needs
→ Inkling
Open weights let you run it on your own hardware; Fugu Ultra v2.0 is API-only.
Anyone whose priority is sakana's own evaluation reports best-or-joint-best results on 5 of 8 benchmarks tested, including a 74.3 on the deepswe coding-repair benchmark
→ Fugu Ultra v2.0
It is specifically built for that.
Anyone whose priority is the first model release from mira murati's thinking machines lab (ex-openai cto) - one of the most closely-watched new labs in ai
→ Inkling
That is its strongest area.
Fugu Ultra v2.0: where it fits
Sakana AI's flagship multi-agent orchestration model, claiming best-or-joint-best results on 5 of 8 self-reported benchmarks against monolithic frontier models — $5/$30 per million tokens. Released September 10, 2026 by Sakana AI, it is built for sakana's own evaluation reports best-or-joint-best results on 5 of 8 benchmarks tested, including a 74.3 on the DeepSWE coding-repair benchmark, claims to outperform flagship models like GPT-6 Astra and Claude Fable 5.1 despite its underlying orchestration pool reportedly excluding both of them, and 1M-token context window.
Its trade-offs are real: not a single trained model — Sakana describes Fugu as "a Multi-Agent System, Delivered as One Model" that dynamically routes tasks across a pool of other models, so head-to-head benchmark framing against monolithic frontier models should be read skeptically, pricing rises to roughly $10/$45 per million tokens for prompts above 272K tokens, and benchmark comparisons against GPT-6 Astra and Claude Fable 5.1 are Sakana's own self-reported figures, not independently verified head-to-head scores. At $5 in / $30 out per million tokens, it sits in the premium price band.
Inkling: where it fits
Mira Murati's Thinking Machines Lab debuts with Inkling - a 975B open-weight MoE with native multimodal reasoning and a dialable thinking-effort control. Released July 15, 2026 by Thinking Machines Lab, it is built for the first model release from Mira Murati's Thinking Machines Lab (ex-OpenAI CTO) - one of the most closely-watched new labs in AI, a 975B-parameter MoE (41B active) with native text, image, and audio reasoning in one model, a dialable 'thinking effort' knob (0.2-0.99) that lets you trade speed for depth of reasoning per-request, and fully open weights (Apache 2.0) at frontier scale - unusual for a model this large and this new.
Its trade-offs: a brand-new lab's first release - no multi-generation track record yet, no official hosted API price - available via third-party hosts only at launch, and independent third-party benchmark verification is still limited given how recently it shipped. As an open-weight model, its running cost is your own hardware rather than a per-token fee.
The bottom line for this matchup
The defining split here is open vs. closed. Inkling gives you weights you control — self-host it, fine-tune it, keep data in-house, pay only for hardware. Fugu Ultra v2.0 gives you a managed, always-updated API with no infrastructure to run. Teams with GPUs, privacy requirements, or huge volume often favour the open model; teams that want zero ops and the latest capabilities favour the closed one. Capability is close enough that this operational question, not the benchmark, usually decides it.
Want both Fugu Ultra v2.0 and Inkling 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.
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, Fugu Ultra v2.0 leans toward sakana's own evaluation reports best-or-joint-best results on 5 of 8 benchmarks tested, including a 74.3 on the deepswe coding-repair benchmark while Inkling leans toward the first model release from mira murati's thinking machines lab (ex-openai cto) - one of the most closely-watched new labs in ai, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Fugu Ultra v2.0 or Inkling?
Inkling is open-weight, so self-hosting means no per-token fee (you pay for hardware instead), while Fugu Ultra v2.0 is API-metered at $5/$30 per 1M tokens. For most teams without GPUs, the API model is cheaper to start; at very high volume, self-hosting can win.
Which has the bigger context window?
Both advertise 1M tokens (~1,500 pages). Remember advertised ≠ usable: recall typically degrades before the ceiling.
Can I use both Fugu Ultra v2.0 and Inkling together?
Yes — a multi-model platform like LumiChats gives you Fugu Ultra v2.0, Inkling 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, Fugu Ultra v2.0 or Inkling?
Fugu Ultra v2.0 — released September 10, 2026, about 57 days after Inkling.
Specifications and benchmarks reflect publicly reported figures as of June 2026 and may change as providers release updates. Always verify on your own workload.