Xiaomi Slashes AI Model API Prices by 99% to Match DeepSeek

China's DeepSeek to make permanent 75% price cut on flagship V4‑Pro AI model

DeepSeek makes permanent its 75% price cut on V4-Pro, bringing API costs to $0.0035–$0.83 per million tokens after scaling up on Huawei Ascend 950 chips. For tech teams evaluating foundation model providers, this cements DeepSeek as a structurally cheaper alternative to Western APIs — and signals that U.S. export controls are accelerating China's domestic AI infrastructure stack.