Inference Cost per Million Tokens

Hyperscaler cost ↓ Lower is better Source: InferenceX & SemiAnalysis Market July 2026 AI Cloud TCO Model

  • DeepSeek V4 Pro 1.6T

    8K/1K

    B200
    TRTLLM · FP4
    MI355X
    $0.15943% more expensive than B200
    ATOM¹ · FP4
    B300
    $0.13420% more expensive than B200
    TRTLLM · FP4
    GB200 NVL72
    $0.514360% more expensive than B200
    Dynamo vLLM · FP4
    GB300 NVL72
    $0.21391% more expensive than B200
    Dynamo SGLang · FP4STP
    View details
  • DeepSeek V4 Pro 1.6T

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    vLLM · FP4
    MI355X
    $0.01151% more expensive than B200
    MoRI SGLang · FP4
    B300
    $0.00918% more expensive than B200
    vLLM · FP4
    GB200 NVL72
    no exact @50 result
    GB300 NVL72
    no exact @50 result
    View details
  • Kimi K3 2.8T

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    Dynamo vLLM · FP4
    MI355X
    $0.04736% cheaper than B200
    ATOM¹ · FP4
    B300
    $0.10340% more expensive than B200
    vLLM · FP4
    GB200 NVL72
    $0.11353% more expensive than B200
    Dynamo vLLM · FP4
    GB300 NVL72
    $0.03947% cheaper than B200
    Dynamo vLLM · FP4
    View details
  • Kimi K2.5/2.6/2.7-Code 1T

    8K/1K

    B200
    Dynamo TRTLLM · FP4STP
    MI355X
    $0.13257% more expensive than B200
    ATOM¹ · FP4STP
    B300
    $0.179112% more expensive than B200
    vLLM · FP4STP
    GB200 NVL72
    $0.0797% cheaper than B200
    Dynamo TRTLLM · FP4STP
    GB300 NVL72
    $0.09817% more expensive than B200
    Dynamo TRTLLM · FP4STP
    View details
  • MiniMax M3 428B

    8K/1K

    B200
    vLLM · FP8
    MI355X
    $0.05320% cheaper than B200
    ATOM¹ · FP4
    B300
    $0.05616% cheaper than B200
    vLLM · FP4
    GB200 NVL72
    $0.10862% more expensive than B200
    Dynamo vLLM · FP8STP
    GB300 NVL72
    $0.11065% more expensive than B200
    Dynamo vLLM · FP8STP
    View details
  • MiniMax M3 428B

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    no exact @50 result
    MI355X
    no exact @50 result
    B300
    no exact @50 result
    GB200 NVL72
    no exact @50 result
    GB300 NVL72
    no exact @50 result
    View details
  • GLM5.2

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    no exact @50 result
    MI355X
    $0.022No B200 baseline to compare against
    SGLang · FP4
    B300
    no exact @50 result
    GB200 NVL72
    no exact @50 result
    GB300 NVL72
    no exact @50 result
    View details
  • Qwen3.5 397B

    8K/1K

    B200
    TRTLLM · FP4
    MI355X
    $0.05143% more expensive than B200
    SGLang · FP4
    B300
    $0.036About the same cost as B200
    SGLang · FP4
    GB200 NVL72
    no exact @50 result
    GB300 NVL72
    $0.04011% more expensive than B200
    Dynamo TRTLLM · FP4STP
    View details
  • Qwen3.5 397B

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    SGLang · FP8
    MI355X
    $0.00858% cheaper than B200
    SGLang · FP8
    B300
    $0.01425% cheaper than B200
    SGLang · FP8
    GB200 NVL72
    $0.00668% cheaper than B200
    Dynamo SGLang · FP4
    GB300 NVL72
    no exact @50 result
    View details

— = no result. ∞ = B200 baseline unavailable.

If a chip does not have FP4 spec decoding available, the next best available configuration is used.