StepFun (China)
Shanghai-based AI startup StepFun launched Step 5 Preview on September 20, 2026, releasing the API publicly at $1 per million input tokens and $2.70 per million output tokens. According to the report, the model is a 600-billion-parameter sparse mixture-of-experts (MoE) design that activates roughly 27 billion parameter On the Artificial Analysis Intelligence Index, the report places Step 5 Preview in the global top 25 of roughly 200 commercially available AI models, in the same performance tier as current flagships from OpenAI and Anthropic. The pricing is compared directly to GPT-4o at $5 per million input tokens and Claude 3.7 Sonn