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Inception Labs: Mercury 2.5

inception/mercury-2.5

Mercury 2.5 is Inception Labs’s proprietary AI model, released Sep 8, 2026. It costs $0.20/M input and $0.75/M output tokens, and handles a 260K-token context window.

Mercury 2.5 is the fastest reasoning LLM, and the latest diffusion LLM (dLLM) from Inception.

Context
260K
Input
$0.20 / 1M
Output
$0.75 / 1M
Released
Sep 8, 2026
Modalities
text→text

Benchmarks

Scores on standardized evaluations. Higher is better — and rank shows where Mercury 2.5 lands among all models tracked on Model Beat.

13.0
Intelligence Index
Artificial Analysis
13th percentile of tracked models
14.0
Coding Index
Artificial Analysis
14th percentile of tracked models

Reasoning

1 evals
Humanity's Last Exam11.8%

Frontier of human expert knowledge

Coding

1 evals
SciCode38.5%

Scientific research coding

Changelog

1
  • Mercury 2.5 (Inception) added to the tracker: $0.04/$0.15 per 1M, 260K context.tracked · Sep 8, 2026

Compare Mercury 2.5 with

Frequently asked questions

What is Mercury 2.5?

Mercury 2.5 is the fastest reasoning LLM, and the latest diffusion LLM (dLLM) from Inception.

Who created Mercury 2.5?

Mercury 2.5 is an AI model developed by Inception Labs, released Sep 8, 2026.

How much does Mercury 2.5 cost?

Mercury 2.5's list price from Inception Labs is $0.20 per million input tokens and $0.75 per million output tokens.

What is Mercury 2.5's context window?

Mercury 2.5 supports a context window of up to 260K tokens.

How does Mercury 2.5 perform on benchmarks?

On standardized evaluations tracked by Epoch AI, Mercury 2.5 scores 38.5% on SciCode, 11.8% on Humanity's Last Exam.

Is Mercury 2.5 open source?

Mercury 2.5 is a proprietary model (API access), available through its provider's API rather than as a downloadable open-weight model.

Benchmark data from Epoch AI (CC BY) and Artificial Analysis; pricing, specs & descriptions from OpenRouter. Data updated Oct 29, 2026.