Inception

Mercury 3

Mercury 3 is a proprietary model from Inception, released Oct 16, 2026. It ranks #24 of 27 on the Vals Index with 43.66%. It costs $0.10 per million input tokens and $0.35 per million output tokens, with a 1M-token context window.

Developer
Inception
Released
Oct 16, 2026
Context window
1M
Price in / out, per 1M tokens
$0.10 / $0.35
Weights
Proprietary
Inputs
Text
Reasoning
Yes
Tool use
Yes

Benchmarks

BenchmarkScore barAccuracyRankCost / test
Vals IndexVals AI43.66%24 / 27$0.48
Terminal-Bench 4.0Coding3.03%48 / 55$0.42
Vibe Code BenchCoding60.93%53 / 115$0.63
Code MigrationCoding39.26%21 / 28$2.11
Finance AgentFinance54.71%27 / 31$0.06
Finance IndexFinance47.22%28 / 31$0.10
Tax Agent BenchFinance18.17%52 / 76$0.05
Legal IndexLaw62.96%24 / 28$0.10
Legal Research BenchLaw28.85%54 / 85$0.07

Vals AI, as of Oct 24, 2026.

Compare Mercury 3

Inception

Builds Mercury, diffusion language models that generate text in parallel. Founded 2024, based in Palo Alto. inceptionlabs.ai

Questions

Who makes Mercury 3?

Mercury 3 is made by Inception, founded 2024 and based in Palo Alto.

How much does Mercury 3 cost?

$0.10 per million input tokens and $0.35 per million output tokens, at its provider’s list price.

What is Mercury 3’s context window?

1M tokens (1,000,000).

Is Mercury 3 open source?

No. Mercury 3 is proprietary and served through its provider’s API.

Sources

Every number on this page comes from these sources; models without a published number show none. Download the data. Cite as “Nexus Explorer, nexus.inc/models”.