DeepSeek released V4.1 Flash, a slimmed-down model priced as low as a fraction of a cent per million tokens. The Chinese startup unveiled it on Thursday. DeepSeek claims it outperforms rival models including Moonshot's Kimi K3. The price undercuts competing providers by a wide margin. Shares in MiniMax and Z.AI fell more than 8% in Hong Kong. Alibaba, which is pivoting into artificial intelligence, slid more than 2%. The move adds pressure on rivals from Anthropic to Z.AI. DeepSeek had raised prices for its services a month earlier. Bloomberg reported the launch and the share moves.
What changed
DeepSeek raised prices for its AI services in August 2026.
What it unlocks
Running high-volume text tasks at a fraction of a cent per million tokens.
- fraction of a cent per million tokens
- MiniMax and Z.AI shares down over 8%
- Alibaba shares down over 2%
Sources