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
    Dynamo SGLang · FP4
    MI355X
    $0.28060% more expensive than B200
    SGLang · FP4
    B300
    $0.28261% more expensive than B200
    SGLang · FP4
    GB200 NVL72
    $0.864393% more expensive than B200
    Dynamo vLLM · FP4
    GB300 NVL72
    $0.771340% 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
    $0.01942% more expensive than B200
    MoRI SGLang · FP4
    B300
    $0.056306% more expensive than B200
    SGLang · FP4
    GB200 NVL72
    $0.02153% more expensive than B200
    Dynamo SGLang · FP4
    GB300 NVL72
    $0.0145% more expensive than B200
    Dynamo vLLM · FP4
    View details
  • Kimi K3 2.8T

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    Dynamo vLLM · FP4
    MI355X
    no exact @75 result
    B300
    $0.1389% more expensive than B200
    vLLM · FP4
    GB200 NVL72
    $0.16833% more expensive than B200
    Dynamo vLLM · FP4
    GB300 NVL72
    $0.04862% cheaper than B200
    Dynamo vLLM · FP4
    View details
  • Kimi K2.5/2.6/2.7-Code 1T

    8K/1K

    B200
    Dynamo TRTLLM · FP4STP
    MI355X
    $0.1865% cheaper than B200
    ATOM¹ · FP4STP
    B300
    $0.25530% more expensive than B200
    vLLM · FP4STP
    GB200 NVL72
    $0.11740% cheaper than B200
    Dynamo TRTLLM · FP4STP
    GB300 NVL72
    $0.12338% cheaper than B200
    Dynamo TRTLLM · FP4STP
    View details
  • MiniMax M3 428B

    8K/1K

    B200
    vLLM · FP4
    MI355X
    $0.06415% more expensive than B200
    ATOM¹ · FP4
    B300
    $0.07434% more expensive than B200
    vLLM · FP4
    GB200 NVL72
    $0.185234% more expensive than B200
    Dynamo vLLM · FP8STP
    GB300 NVL72
    $0.212281% more expensive than B200
    Dynamo vLLM · FP8STP
    View details
  • MiniMax M3 428B

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    TRTLLM · FP4
    MI355X
    $0.00727% cheaper than B200
    ATOM¹ · FP4
    B300
    $0.00811% cheaper than B200
    TRTLLM · FP4
    GB200 NVL72
    $0.01233% more expensive than B200
    Dynamo vLLM · FP4
    GB300 NVL72
    no exact @75 result
    View details
  • GLM5.2

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    SGLang · FP8
    MI355X
    $0.02361% cheaper than B200
    SGLang · FP4
    B300
    no exact @75 result
    GB200 NVL72
    no exact @75 result
    GB300 NVL72
    no exact @75 result
    View details
  • Qwen3.5 397B

    8K/1K

    B200
    TRTLLM · FP4
    MI355X
    $0.06142% more expensive than B200
    SGLang · FP4
    B300
    $0.045About the same cost as B200
    SGLang · FP4
    GB200 NVL72
    $0.223415% more expensive than B200
    Dynamo SGLang · FP8STP
    GB300 NVL72
    $0.042About the same cost as B200
    Dynamo TRTLLM · FP4STP
    View details
  • Qwen3.5 397B

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    SGLang · FP8
    MI355X
    $0.00652% cheaper than B200
    SGLang · FP4
    B300
    $0.00840% cheaper than B200
    SGLang · FP4
    GB200 NVL72
    $0.00652% cheaper than B200
    Dynamo SGLang · FP4
    GB300 NVL72
    no exact @75 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.