There is very little daylight between GPT-5.6 Terra (Max) (OpenAI) and Inkling 2 Small (Thinking Machines) on the overall index. The sharpest difference is price: Inkling 2 Small costs $1.00 per million output tokens, against $12.00 for GPT-5.6 Terra Max. All numbers are the catalogue's recorded values; nobody ran either model by hand for this page.
What they cost
The list prices are $2.00 in and $12.00 out for GPT-5.6 Terra Max, and $0.30 in and $1.00 out for Inkling 2 Small, per million tokens. GPT-5.6 Terra Max costs 12 times as much per output token.
Take 1 million input tokens and 200,000 output tokens: that comes to $4.40 on GPT-5.6 Terra Max and $0.50 on Inkling 2 Small. Scale it up to summarising 1,000 documents of 8,000 tokens into 400-token summaries and the bill is $20.80 for GPT-5.6 Terra Max against $2.80 for Inkling 2 Small. On a 3:1 blend of input to output tokens, that works out to $4.50 versus $0.475 per million.
Inkling 2 Small is the faster writer
Measured output speed is 116 tokens per second for GPT-5.6 Terra Max and 139 tokens per second for Inkling 2 Small. That makes Inkling 2 Small roughly 1.2 times as fast at writing. Before any text appears, GPT-5.6 Terra Max takes 3.4 minutes and Inkling 2 Small 2.2 seconds. GPT-5.6 Terra Max waits 92 times as long before its first token. Waits that long are felt on every chat-style request, though they matter less for batch jobs.
Put together, a 1,500-token answer would take about 3.6 minutes from GPT-5.6 Terra Max and 13 seconds from Inkling 2 Small, counting the first-token wait.
When they came out
Inkling 2 Small arrived on November 5, 2026, about 4 months after GPT-5.6 Terra Max (July 9, 2026).
GPT-5.6 Terra Max leads on the intelligence index
GPT-5.6 Terra Max records 32.3 on the intelligence index and Inkling 2 Small records 30.6. That is a modest edge: real, but small enough that the right set of tasks could reverse it.
For context, that places GPT-5.6 Terra Max 46th and Inkling 2 Small 52nd out of 109 scored models still on offer.
There are no coding or math index scores for either model in the catalogue, which keeps this comparison at the aggregate level.
Is the price in proportion?
Per point of intelligence index, GPT-5.6 Terra Max costs $0.14 of blended price per million tokens and Inkling 2 Small $0.016. Inkling 2 Small delivers each index point for 89% less; whether GPT-5.6 Terra Max's extra 1.7 points are worth the premium depends on how often your tasks need them.

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