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Kimi K3 vs DeepSeek V4 Pro vs GLM-5.2: Open Trillion-Scale MoE Models Compared on Benchmarks, License, and Serving Cost Kimi K3 与 DeepSeek V4 Pro 及 GLM-5.2 对比:开放万亿级 MoE 模型在基准测试、许可和服务成本上的比较

Kimi K3, DeepSeek V4 Pro, and GLM-5.2 dominate the open-weight leaderboard as trillion-scale Sparse Mixture-of-Experts (MoE) models with 1M-token context windows. Kimi K3 leads in raw capability and benchmarks but is currently API-only with high costs and a restrictive Modified MIT license pending weight release. DeepSeek V4 Pro offers the best cost-efficiency and clean MIT licensing, making it ideal for budget-conscious deployments requiring strong coding performance. GLM-5.2 provides a balance Kimi K3、DeepSeek V4 Pro 和 GLM-5.2 均为开源万亿参数级 MoE 模型,主打百万级上下文窗口及长程代码与 Agent 任务。 在能力基准上,Kimi K3 综合得分最高(约57分),DeepSeek V4 Pro 在特定编码任务表现强劲,GLM-5.2 紧随其后。 许可方面,DeepSeek V4 Pro 和 GLM-5.2 采用宽松的 MIT 协议并立即开放权重下载;Kimi K3 预计7月27日开放权重,目前仅限 API 使用。 服务成本差异显著,DeepSeek V4 Pro 性价比最高,GLM-5.2 推理速度最快且支持自托管,Kimi K3 价格昂贵且硬

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Hot 热度
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Quality 质量
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Impact 影响力

Analysis 深度分析

TL;DR

  • Kimi K3, DeepSeek V4 Pro, and GLM-5.2 dominate the open-weight leaderboard as trillion-scale Sparse Mixture-of-Experts (MoE) models with 1M-token context windows.
  • Kimi K3 leads in raw capability and benchmarks but is currently API-only with high costs and a restrictive Modified MIT license pending weight release.
  • DeepSeek V4 Pro offers the best cost-efficiency and clean MIT licensing, making it ideal for budget-conscious deployments requiring strong coding performance.
  • GLM-5.2 provides a balanced middle ground with faster inference speeds, self-hosting feasibility, and competitive performance at moderate costs.

Why It Matters

This comparison highlights a critical divergence in the open-weight market between peak performance (Kimi K3) and practical deployability (DeepSeek/GLM). For AI practitioners, the choice is no longer just about benchmark scores but involves complex trade-offs between licensing restrictions, serving infrastructure requirements, and total cost of ownership. The emergence of these models signals a shift toward specialized MoE architectures optimized for long-horizon agentic workflows and coding tasks.

Technical Details

  • Architecture: All three utilize Sparse Mixture-of-Experts (MoE). Kimi K3 is a 2.8T parameter model activating 16/896 experts; DeepSeek V4 Pro is 1.6T with 49B active parameters; GLM-5.2 is 744B with ~40B active parameters.
  • Context & Modality: Each supports a 1M-token context window. Kimi K3 is multimodal (text, vision, video), while DeepSeek V4 Pro and GLM-5.2 are text-only.
  • Performance: Kimi K3 leads on the Artificial Analysis Intelligence Index (score ~57) and coding benchmarks like DeepSWE. DeepSeek V4 Pro excels in cost-per-task efficiency ($0.04) and SWE-bench Verified performance.
  • Deployment Constraints: Self-hosting GLM-5.2 requires ~8x H200 GPUs. DeepSeek V4 Pro requires more VRAM, while Kimi K3 demands 64+ accelerators, effectively limiting local deployment for most organizations.

Industry Insight

  • Licensing Strategy Impact: The delayed weight release and modified license for Kimi K3 demonstrate how top-tier capabilities can be leveraged to drive API usage, forcing enterprises to weigh immediate availability against potential future open-source benefits.
  • Cost-Performance Trade-offs: Organizations prioritizing rapid iteration and low-cost scaling should favor DeepSeek V4 Pro or GLM-5.2, as the premium paid for Kimi K3's marginal capability gains may not justify the infrastructure and API costs for many use cases.
  • Hardware Accessibility: The significant gap in self-hosting requirements (from 8 GPUs for GLM-5.2 to 64+ for K3) reinforces the trend where open-weight models are increasingly accessible only to well-resourced entities, potentially widening the gap between large tech firms and smaller developers.

TL;DR

  • Kimi K3、DeepSeek V4 Pro 和 GLM-5.2 均为开源万亿参数级 MoE 模型,主打百万级上下文窗口及长程代码与 Agent 任务。
  • 在能力基准上,Kimi K3 综合得分最高(约57分),DeepSeek V4 Pro 在特定编码任务表现强劲,GLM-5.2 紧随其后。
  • 许可方面,DeepSeek V4 Pro 和 GLM-5.2 采用宽松的 MIT 协议并立即开放权重下载;Kimi K3 预计7月27日开放权重,目前仅限 API 使用。
  • 服务成本差异显著,DeepSeek V4 Pro 性价比最高,GLM-5.2 推理速度最快且支持自托管,Kimi K3 价格昂贵且硬件门槛极高。

为什么值得看

本文提供了当前顶尖开源大模型在性能、成本和许可上的横向对比,为 AI 团队在选型时提供了基于实际工程指标(如推理速度、显存需求、API 定价)的决策依据。它揭示了“最强模型”与“最佳性价比/可部署性”之间的权衡,对关注私有化部署和成本控制的企业具有重要参考价值。

技术解析

  • 模型架构与规格:Kimi K3 为 2.8T 总参数(激活参数未公开,每 token 激活 16/896 专家),支持原生视觉和视频;DeepSeek V4 Pro 为 1.6T 总参数,49B 激活参数,使用 384 个路由专家加共享专家;GLM-5.2 为 744B 总参数,约 40B 激活参数。三者均具备 1M 上下文窗口。
  • 基准测试表现:根据 Artificial Analysis Intelligence Index,Kimi K3 得分约 57(全球前三),GLM-5.2 得分为 51,DeepSeek V4 Pro (Max) 为 44。在 Moonshot 自家基准中,K3 在 DeepSWE、Program Bench 等编码任务上大幅领先 GLM-5.2。
  • 许可与可用性:DeepSeek V4 Pro 和 GLM-5.2 均为 MIT 许可证,权重已全量开源,允许无限制商业使用和微调。Kimi K3 承诺于 2026年7月27日发布权重,预计采用 Modified MIT 许可证(月活超1亿需署名),在此之前仅能通过 API 访问。
  • 服务成本与性能:DeepSeek V4 Pro 成本最低,混合计价约 $0.18/1M tokens,单任务成本 $0.04。GLM-5.2 推理速度最快(约 168 tokens/sec),混合计价 $0.90/1M tokens。Kimi K3 最贵,混合计价 $2.31/1M tokens,单任务成本 $0.94。
  • 自托管硬件要求:GLM-5.2 需约 8x H200 (FP8) 或 1TB+ VRAM (BF16),适合中等规模集群。DeepSeek V4 Pro 需求更高。Kimi K3 推荐 64+ 加速器,且使用 MXFP4/MXFP8 量化,本地部署门槛极高,绝大多数团队无法自托管。

行业启示

  • 成本与性能的平衡策略:对于追求极致编码能力和多模态能力的场景,Kimi K3 是首选,但需承担高昂的 API 费用或巨大的基础设施投入;对于大多数注重 ROI 的团队,DeepSeek V4 Pro 提供了最佳的性价比和灵活的开源许可。
  • 自托管可行性的重新评估:GLM-5.2 在保持较高能力水平的同时,提供了相对合理的硬件需求和更快的推理速度,使其成为需要数据隐私和控制权的团队更可行的自托管选择,尤其是在缓存命中率高的工作负载下。
  • 开源生态的演进趋势:头部厂商正从单纯的“开源权重”转向“开源+API”混合模式,并通过许可证条款(如 Moonshot 的 Modified MIT)保护大规模商业应用利益。开发者在选择开源模型时,需仔细审查许可证细节及权重发布的实际时间表。

Disclaimer: The above content is generated by AI and is for reference only. 免责声明:以上内容由 AI 生成,仅供参考。

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