Inkling vs LongCat-2.5
Thinking Machines Lab · US | Meituan · China · Updated June 2026
Quick verdict
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. 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). Choose Inkling if you need self-hosting or data privacy; LongCat-2.5 if you want a managed API.
Inkling (Thinking Machines Lab, 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. 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. 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. 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 LongCat-2.5 is API-metered at $0.3/$1.2 per 1M tokens. Your choice depends on whether you want zero marginal cost at the price of running infrastructure.
- ▸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 4 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 | Inkling | LongCat-2.5 |
|---|---|---|
| Provider | Thinking Machines Lab (US) | Meituan (China) |
| Released | July 15, 2026 | November 2, 2026 |
| Context window | 1M (~1,500 pages) | 1M tokens (~1,500 pages) |
| Price (in/out) | Open weight (self-host / free) | $0.3/$1.2 per 1M tokens |
| Open weight? | Yes — self-hostable | No — API only |
| Modalities | text, image, audio, code | text, image, code |
| SWE-Bench Verified | Not published | Not published |
| MRCR v2 @ 1M | Not published | Not published |
Who wins what
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 — LongCat-2.5 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
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 LongCat-2.5 is API-only.
A dialable 'thinking effort' knob (0.2-0.99) that lets you trade speed for depth of reasoning per-request
Inkling
Inkling lists a dialable 'thinking effort' knob (0.2-0.99) that lets you trade speed for depth of reasoning per-request 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 is the newer of the two.
Limited-time API price of $0.30/$1.20 per million tokens (cached input $0.006)
LongCat-2.5
Inkling is comparatively weak here — no official hosted API price - available via third-party hosts only at launch
Meituan-reported Terminal-Bench v2.1 of 88.4, up from 70.8 for LongCat-2.0
LongCat-2.5
Inkling is comparatively weak here — independent third-party benchmark verification is still limited given how recently it shipped
Lowest cost at scale
Inkling
Its weights are open, so at volume you pay for your own hardware instead of LongCat-2.5's $0.3/$1.2 per 1M tokens.
Which should you pick?
A cost-sensitive startup shipping high volume
→ Inkling
At Open weight (self-host / free) it undercuts LongCat-2.5, 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; LongCat-2.5 is API-only.
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
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
→ Inkling 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.
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 are real: 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.
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
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. LongCat-2.5 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 Inkling 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 Inkling 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, 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 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, Inkling or LongCat-2.5?
Inkling is open-weight, so self-hosting means no per-token fee (you pay for hardware instead), while LongCat-2.5 is API-metered at $0.3/$1.2 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 (~1,500 pages). Remember advertised ≠ usable: recall typically degrades before the ceiling.
Can I use both Inkling and LongCat-2.5 together?
Yes — a multi-model platform like LumiChats gives you Inkling, 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, Inkling or LongCat-2.5?
LongCat-2.5 — released November 2, 2026, about 4 months after Inkling.
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.