DeepSeek V4 ratchets pressure: Mistral and Western open-weight labs face cost squeeze

DeepSeek V4's open-source release — Apache 2.0, 1.6T parameters, 1M context, $1.74/$3.48 per million tokens — surpasses Moonshot Kimi K 2.6 (1.1T) and MiniMax M1 (456B) on the open-weight leaderboard, intensifying pressure on Mistral, Llama 4, and Cohere to match price-performance.