Market2026-10-15

DeepSeek released its V4-Pro model under an open-source license. It leads several coding benchmarks against US rivals. It trails on reasoning, science and long-context tests. Its input pricing is about $3.48 per million tokens. It has faced 12 service outages in the past 30 days. US export controls block access to Nvidia’s top chips. DeepSeek plans to use Huawei chips for future training. It aims to deploy 160,000 Huawei Ascend accelerators in Inner Mongolia. Western governments have restricted its use on official devices. It is preparing for a possible IPO in 2027.

What it unlocks

Running a capable AI model at roughly one eleventh the input cost of leading US alternatives.

  • 1.6T parameters
  • $3.48 per million tokens
  • 12 outages in 30 days
  • 160,000 Huawei Ascend accelerators

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