DeepSeek is back with V4: what the new model means for AI race

• DeepSeek has not disclosed pricing, detailed performance benchmarks, or a final release date, describing the preview as an early-stage rollout to gather feedback before wider deployment
• The V4 model will reportedly run on Huawei's latest chips, making it a significant test of whether China's AI ecosystem can advance using locally sourced infrastructure instead of restricted Nvidia hardware
• The dual pro and flash versions indicate DeepSeek is targeting both high-end use cases and lighter, faster deployment to reach a broader range of developers and enterprise customers

Summary: DeepSeek Launches V4 AI Model

Key Developments:

Chinese AI startup DeepSeek began previewing its fourth-generation model, DeepSeek V4, on Friday, April 24, 2026, marking its first major update since the V3 model launched in December 2024. The release includes both "pro" and "flash" versions, targeting different market segments for enterprise and lightweight deployment.

Company Background:

DeepSeek gained global prominence in 2024 with V3, which delivered strong AI performance at relatively low cost compared to competitors. The company has evolved from relative obscurity to becoming a closely watched player in the AI sector.

Strategic Significance:

The V4 rollout is being positioned as an early-stage preview to gather real-world feedback before wider deployment. DeepSeek has not disclosed pricing, detailed performance benchmarks, or a firm release timeline, suggesting a cautious approach to market testing.

Hardware and Geopolitical Context:

According to The Information, V4 will reportedly run on Huawei's latest chips—a significant development as Chinese AI firms navigate U.S. export controls and seek alternatives to Nvidia hardware. This makes the launch a critical test of China's domestic AI infrastructure capabilities.

Market Implications:

The timing intensifies competition between Chinese and U.S. AI developers. Success of V4 could validate China's ability to scale advanced AI models using locally sourced technology, potentially boosting Chinese semiconductor companies like SMIC and Huawei's supply chain. The launch serves as a gauge of whether DeepSeek can transform its viral success into a sustainable business franchise.

Risks:

Key uncertainties include whether V4 demonstrates clear real-world performance advantages and whether Huawei's chips can scale effectively for advanced AI deployment.