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Models · Aug 1, 2026

DeepSeek releases V4-Flash-0731 with 304B parameters and enhanced agentic capabilities

The 304-billion-parameter model is ranked ahead of a 428B competitor on Artificial Analysis’ Intelligence Index and priced at $0.14 per million input tokens and $0.27 per million output tokens.

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TL;DR
  • DeepSeek’s V4-Flash-0731 is a 304-billion-parameter model with substantially enhanced agentic capabilities.
  • Artificial Analysis ranks it ahead of MiniMax M3 (428B) on its Intelligence Index.
  • Pricing is $0.14 per million input tokens and $0.27 per million output tokens.
  • User tests show improved image generation quality when reasoning effort is increased from default to high.

DeepSeek has released DeepSeek-V4-Flash-0731, a 304-billion-parameter model described as having substantially enhanced agentic capabilities.

According to Artificial Analysis, the model is ranked ahead of MiniMax M3—a 428-billion-parameter model—on its Intelligence Index.

Pricing for the model is listed at $0.14 per million input tokens and $0.27 per million output tokens.

User testing via OpenRouter showed that increasing the reasoning effort from default to high produced a marked improvement in generated image quality, transitioning from a flawed pelican illustration to a coherent scene of a pelican riding a bicycle.

Sources
  1. 01Simon Willison — everythingdeepseek-ai/DeepSeek-V4-Flash-0731
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