Meituan releases LongCat-2.5, a 1.6T multimodal MoE for long-horizon coding agents, at $0.30/M input
Released Nov 2 with about 48B active parameters and a 1M-token context, it's trained on long agent runs and real agent failures, and Meituan reports 88.4 on Terminal Bench v2.1 and 38.5 on v4.0 (its own numbers). It's API and online chat only for now at a limited-time $0.30/$1.20 per million tokens (pricing), with GitHub and Hugging Face weights promised later.