If you've used DeepSeek's models for a side project or a production workload, the last few months probably left you with more questions than answers. A new model family showed up with big claims attached to it, then word spread that prices were about to change, then a funding story surfaced that had nothing to do with the models at all. It's a lot to track if you're just trying to decide whether to keep building on their API.

This post pulls those threads together in one place. No speculation dressed up as fact, no numbers repeated just because they're circulating online. Just what's been reported, what DeepSeek has confirmed directly, and what that means if you're actually shipping something on top of their models.

DeepSeek-V4 and V4-Flash

DeepSeek released a preview of its V4 model family this year, following up on the V3 series.

What's known about the release so far.