GPT Chat Latest vs Mercury 2.5 compared — price per token, context window, multimodality, openness and which to choose. Full 2026 breakdown.
GPT Chat Latest — full profile › · Mercury 2.5 — full profile ›
Prices & specs refreshed from live data · olud.ai
Open-model prices = cheapest provider via OpenRouter; official maker rates may be higher.
| Spec | GPT Chat Latest | Mercury 2.5 | Winner |
|---|---|---|---|
| Maker | OpenAI | Inception | – |
| Type | Proprietary | Proprietary | – |
| Context window | 400K tokens | 260K tokens | |
| Input price | $5/M | $0.04/M | INMercury 2.5 |
| Output price | $30/M | $0.15/M | INMercury 2.5 |
| Vision / multimodal | Yes | No | |
| Tool / function calling | Yes | Yes | = Tie |
| Self-hostable | No (API only) | No (API only) | – |
| License | Proprietary | Proprietary | – |
Mercury 2.5 is ~200× cheaper than GPT Chat Latest on output tokens ($0.15 vs $30 per M tokens).
| Capability | GPT Chat Latest | Mercury 2.5 |
|---|---|---|
| Open weights (downloadable) | ✗ | ✗ |
| Self-hostable | ✗ | ✗ |
| Runs fully offline | ✗ | ✗ |
| Vision / multimodal | ✓ | ✗ |
| Tool / function calling | ✓ | ✓ |
| 1M+ context window | ✗ | ✗ |
| Criterion | GPT Chat Latest | Mercury 2.5 |
|---|---|---|
| Cost-efficiency | 3.0 | 5.0 |
| Context window | 4.5 | 4.0 |
| Openness | 1.5 | 1.5 |
| Self-hosting | 1.0 | 1.0 |
| Multimodality | 5.0 | 3.5 |
Scores come from live data — output price (cost), context length, open vs closed weights (openness & self-hosting) and vision/tool support (multimodality). Raw task quality isn't scored here; it depends on your benchmark — see the verdict.
GPT Chat Latest points to OpenAI's stable API alias `chat-latest` that always resolves to the latest Instant chat model used in ChatGPT. As OpenAI rolls out new Instant model updates...
Mercury 2.5 is the fastest reasoning LLM, and the latest diffusion LLM (dLLM) from Inception. Instead of generating tokens sequentially, Mercury 2.5 produces and refines multiple tokens in parallel, achieving...
Mercury 2.5 is cheaper on output ($0.15/M vs $30/M).
GPT Chat Latest offers the larger context window (400K tokens).
Choose Mercury 2.5 for the lower output price ($0.15/M vs $30/M). Choose GPT Chat Latest if you need the larger 400K context window.
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