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deepseek-ai/DeepSeek-V4-Flash-0731

deepseek-ai/DeepSeek-V4-Flash-0731 The latest release in DeepSeek's V4 family, "with substantially enhanced agentic capabilities". It's 304 billion parameters - 167GB on Hugging Face - but it appears to punch well above its weight. Artificial Analysis rank it ahead of MiniMax M3 - a 428B model. It's $0.14/million input and $0.27/million output pricing means this may currently be the best…

The DeepSeek AI has unveiled DeepSeek-V4, the latest model in its V4 series, boasting significantly improved agentic capabilities. This model, weighing in at 304 billion parameters and occupying 167GB on Hugging Face, outperforms expectations despite its size. In fact, according to Artificial Analysis, DeepSeek-V4 outperforms MiniMax M3, a 428 billion parameter model.

At a mere $0.14 per million input and $0.27 per million output, DeepSeek-V4 offers some of the most competitive pricing in the market, potentially making it the best value-for-intelligence model currently available. Initial testing on the Intelligence Index vs. Cost per Intelligence Index Task chart showed a disappointing result with the default reasoning level.

However, when the reasoning level was increased to high, the results markedly improved, demonstrating DeepSeek-V4's potential to deliver high-quality outputs with a higher reasoning level.

Simon Willison shared this insight in a link post posted on July 31, 2026. For those interested in staying informed about the most critical developments in Large Language Models (LLMs), a sponsorship of $10 per month can provide a curated email digest of the month's most important LLM updates.

Written by urgent.news from Simon Willison's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at simonwillison.net →

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