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
    vLLM · FP4
    MI355X
    $0.11747% cheaper than B200
    SGLang · FP4
    B300
    $0.18217% cheaper than B200
    vLLM · FP4
    GB200 NVL72
    $0.225About the same cost as B200
    Dynamo vLLM · FP4
    GB300 NVL72
    no exact @30 result
    View details
  • DeepSeek V4 Pro 1.6T

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    no exact @30 result
    MI355X
    $0.010No B200 baseline to compare against
    SGLang · FP4
    B300
    $0.007No B200 baseline to compare against
    vLLM · FP4
    GB200 NVL72
    no exact @30 result
    GB300 NVL72
    no exact @30 result
    View details
  • Kimi K3 2.8T

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    Dynamo vLLM · FP4
    MI355X
    $0.04611% cheaper than B200
    vLLM · FP4
    B300
    $0.08055% more expensive than B200
    vLLM · FP4
    GB200 NVL72
    $0.07648% more expensive than B200
    Dynamo vLLM · FP4
    GB300 NVL72
    $0.03434% cheaper than B200
    Dynamo vLLM · FP4
    View details
  • Kimi K2.5/2.6/2.7-Code 1T

    8K/1K

    B200
    vLLM · FP4STP
    MI355X
    $0.105About the same cost as B200
    vLLM · FP4STP
    B300
    $0.12422% more expensive than B200
    vLLM · FP4STP
    GB200 NVL72
    no exact @30 result
    GB300 NVL72
    no exact @30 result
    View details
  • MiniMax M3 428B

    8K/1K

    B200
    vLLM · FP8
    MI355X
    $0.10888% more expensive than B200
    vLLM · FP4
    B300
    $0.04620% cheaper than B200
    vLLM · FP4
    GB200 NVL72
    $0.08649% more expensive than B200
    Dynamo vLLM · FP8STP
    GB300 NVL72
    no exact @30 result
    View details
  • MiniMax M3 428B

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    no exact @30 result
    MI355X
    no exact @30 result
    B300
    no exact @30 result
    GB200 NVL72
    no exact @30 result
    GB300 NVL72
    no exact @30 result
    View details
  • GLM5.2

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    no exact @30 result
    MI355X
    $0.046No B200 baseline to compare against
    SGLang · FP8
    B300
    no exact @30 result
    GB200 NVL72
    no exact @30 result
    GB300 NVL72
    no exact @30 result
    View details
  • Qwen3.5 397B

    8K/1K

    B200
    SGLang · FP8
    MI355X
    $0.042About the same cost as B200
    SGLang · FP4
    B300
    $0.06965% more expensive than B200
    SGLang · FP8
    GB200 NVL72
    no exact @30 result
    GB300 NVL72
    no exact @30 result
    View details
  • Qwen3.5 397B

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    no exact @30 result
    MI355X
    $0.007No B200 baseline to compare against
    SGLang · FP8
    B300
    no exact @30 result
    GB200 NVL72
    no exact @30 result
    GB300 NVL72
    no exact @30 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.