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DeepSeek V4 preview narrows the gap with open-weight MoE models

V4-Pro at 1.6T params (49B active) and V4-Flash at 284B, both 1M-context, released open-weight on Hugging Face

AI· active The Long Game·What They're Not Saying ·6 takes · ·rbtfl upd Jun 25, 2026
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The split

The same story, as told by newsrooms in different countries. Their words, attributed and linked.

United States

CNBC

“China's DeepSeek releases preview of its long-awaited V4 model as the AI race intensifies.”

geopolitics / marketsread the original ↗

United States

TechCrunch

“DeepSeek previews a new AI model that 'closes the gap' with frontier models.”

capabilityread the original ↗

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Summary

Deepseek released a preview of V4 on 24 April 2026, listing deepseek-v4-pro and deepseek-v4-flash as API model IDs and publishing open weights on Hugging Face. V4-Pro is a 1.6-trillion-parameter mixture-of-experts model with 49B activated; V4-Flash is 284B with 13B activated; both carry 1M-token context. DeepSeek claims V4 closes the gap with frontier models, beating some GPT-5.2 and Gemini 3.0 Pro results on reasoning. It remains a preview with no finalisation date. The open-weight release, far cheaper per token, sharpens the open-vs-closed split and runs against US chip-export constraints DeepSeek trains under.

By the numbers

  • 1.6T, V4-Pro parameters (49B activated).
  • 284B, V4-Flash parameters (13B activated).
  • 1M tokens, context window, both models.
  • 24 Apr 2026, preview release.
  • Open weights, published on Hugging Face.

Why it matters

A frontier-adjacent open-weight model from a Chinese lab undercuts the closed labs on price and removes the access gate the US is building around top US models, the asymmetry the Anthropic export-control order exposed. It keeps China competitive at the frontier despite chip controls.

What to watch

  • Independent benchmarks vs. GPT-5.5, Gemini 3.5 and Opus 4.8.
  • A finalised (non-preview) V4 and pricing.
  • Whether US export policy targets open-weight Chinese models.

The briefing, by email