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DeepSeek Debuts V4 Preview and Slashes Prices to Win Users

The Chinese lab is using steep discounts to push a long‑context open model into the market under rising U.S. scrutiny.

Overview

  • DeepSeek released a V4 preview on Friday with a 1.6‑trillion‑parameter Pro model, a 284‑billion Flash model, and a one‑million‑token context window, which is how much text the AI can consider at once.
  • To speed use, the company cut prices by 75% on V4‑Pro for developers through May 5 and made input cache hits across its API one‑tenth of their old cost, a change it said is permanent.
  • Huawei said its Ascend supernode clusters fully support V4, pointing developers toward China’s domestic chip stack rather than Nvidia hardware for running the models.
  • Independent tests from Artificial Analysis scored V4‑Pro at 52 versus 60 for OpenAI’s GPT‑5.5, and Reuters reported a calmer market response than the selloff that followed DeepSeek’s R1 in 2025.
  • The launch coincided with a U.S. State Department cable warning partners about alleged model distillation by Chinese firms and an OSTP memo on “industrial‑scale” copying, which Beijing called groundless.