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Model details

Mercury 2

Mercury 2 is designed for production reasoning workflows that involve search, planning, and retrieval. Its diffusion-style generation avoids the sequential token decoding of conventional autoregressive models, while streaming can display the response being refined in real time. This architecture is especially relevant to agents that need to coordinate multiple steps quickly and remain responsive during ongoing use.

Inception evaluated Mercury 2 on PinchBench, an open-source agent benchmark built on OpenClaw, where the company reports a 78% task success rate. That result matched or exceeded the figures Inception cited for GPT-5 Mini, Gemini 2.5 Flash, DeepSeek Chat, and GPT-4o, alongside the fastest execution time among models with comparable accuracy. The practical fit is strongest for latency-aware research agents, parallel search systems, and other workflows that benefit from inspectable intermediate results and source-grounded responses.

Vercel AI Gatewayinception/mercury-2mercury

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Provider
Vercel AI Gateway
Model key
inception/mercury-2
Release date
Feb 24, 2026
Last updated
Mar 6, 2026
Input modalities
Output modalities
Capabilities

Cost

Input token cost
$0.25
Output token cost
$0.75

Limits

Output tokens
50,000 tokens
Context window
128,000 tokens

Transparent token rates

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Rates are shown per one million tokens. Combined means one million input plus one million output tokens.

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Latest news about Mercury 2

Vercel AI Gateway

Official sourceAnnouncement

A second Inception blog post by Joyce Chen positions Mercury 2 as "the first reasoning model fast enough to pick up the phone," targeting real-time voice applications. It argues that GPT 5.x, Claude Sonnet, and Gemini Pro fail to meet sub-500ms latency requirements for voice agents when running reasoning chain-of-thoug The post contextualizes Mercury 2's launch against the imminent sunsetting of GPT-4.1, which the author identifies as the de facto default model for most production voice agents as of April 2025 due to its balance of instruction-following, tool-calling, and realtime latency. Inception positions Mercury 2 as the first r

Inception

Official sourceAnnouncement

Inception published a first-party blog post officially launching Mercury 2, the company's diffusion-based reasoning large language model. The post, authored by CEO Stefano Ermon, introduces Mercury 2 as the fastest reasoning LLM, built on parallel-refinement diffusion decoding rather than token-by-token autoregressive The blog frames Mercury 2's release as a meaningful step in moving diffusion LLM technology from research into production, arguing that diffusion's parallel-token generation fundamentally changes the intelligence-versus-latency trade-off by enabling reasoning-grade quality within real-time latency budgets. Compared wit

Inception

CoverageBenchmark

Artificial Analysis has published an independent intelligence, performance, and price profile for Inception's Mercury 2, a proprietary model released in February 2026. The third-party evaluation scores Mercury 2 at 15 on the Artificial Analysis Intelligence Index v4.2 — above the comparable-model median of 12 — and mea The benchmark page classifies Mercury 2 as a reasoning-capable model (noting a non-reasoning variant may also exist) with text-in/text-out modalities and a 128K token context window. Notably, Artificial Analysis's measured speed of 794.5 tokens per second is lower than Inception's vendor-reported 1,009 tokens per secon

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