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Model registry / Inception / Mercury / Mercury 2

Mercury 2

Reasoning model for deliberate analysis, multi-step problem solving, and tool use

Line

Mercury

Weights

API only

Released

2026-02-24

Context

128K

Input

$0.25 / 1M

Output

$0.75 / 1M

Max output

50K

Coverage

not covered yet

Overview

Mercury 2 is a reasoning model from Inception for deliberate analysis, multi-step problem solving, and tool use. It is the first version of the mercury line in the registry. It has a 128000 token context window and a 50000 token output limit. Pricing starts at $0.25 per million input tokens and $0.75 per million output tokens, with cached input at $0.025 per million tokens. Weights are not open. It accepts text and returns text, supports reasoning mode and tool calling.

Specs

Released2026-02-24
LineInception · Mercury
WeightsAPI only
Context128K tokens
Max output50K tokens
Inputtext
Outputtext
ReasoningYes
Tool callingYes
Knowledge cutoff2025-01-01
API idmercury-2

Pricing

Input$0.25 / 1M tokens
Cached input$0.025 / 1M tokens
Output$0.75 / 1M tokens

First version of its line in the registry.

Range across the hosts that serve it: up to $0.3125 per 1M input tokens.

Strengths

  • Reasoning mode for deliberate analysis
  • Multi-step problem solving
  • Tool calling support
  • 128k context window
  • 50k max output tokens

Best for

  • Reach for it for deliberate analysis tasks
  • Reach for it for multi-step problem solving
  • Reach for it for tool use workflows

How to access

ProviderModel id
Inceptionmercury-2
Kilo Gatewaymercury-2
NanoGPTmercury-2
OpenRoutermercury-2
Venice AImercury-2
Vercel AI Gatewaymercury-2

6 hosts serve this model at the price above · the maker's documentation

Mercury: every version

VersionReleasedContextInput
Mercury 2.5Current2026-09-08260K$0.04
Mercury Edit 22026-03-3032K$0.25
Mercury 22026-02-24128K$0.25

The registry keeps the six most recent versions of a line. Older ones stay in the file and can be surfaced without a rebuild.

FAQ

What is the context window?
128000 tokens.
What is the price?
From $0.25 per million input tokens and $0.75 per million output tokens. Cached input at $0.025 per million.
Are the weights open?
No, the weights are not open.
ProprietaryReasoning128K context