StepFun (China)
StepFun released Step 3.5 Flash on February 5, 2026, as a sparse Mixture-of-Experts model with 196B total parameters and only 11B active parameters, claiming frontier-level reasoning capability while generating at 100–350 tokens per second, according to a ThursdAI release index that links to the StepFun X announcement StepFun followed up on March 5, 2026 by open-sourcing Step 3.5 Flash Base and Midtrain checkpoints, an unusually open release that includes the SteptronOSS training stack on GitHub alongside the weights, giving builders continuation-pretraining flexibility under an Apache-2 oriented license. The same index links to the