Radar / AI models / Step 5 Preview (StepFun)

Step 5 Preview (StepFun): 600B Agent Model at $1 per Million

StepFun's flagship sparse MoE built for agentic work: 600B total parameters, 27B active per token, 1M-token context, text plus image input; API live since Sept 20, open weights planned Oct 15.

new launchmodels · frontierJEV traction 0.56added 2026-09-24
Open Step 5 Preview (StepFun) →View on the radar

Why it matters

Frontier-class Artificial Analysis Intelligence Index score of 44 at $1/M input tokens, roughly one-eighth the per-task cost of Claude Opus 5, with strong agentic coding results (67.7% DeepSWE v1.1).

What you could build with it

A team with heavy reasoning workloads can route bulk calls to Step 5's cheap API and benchmark the output against its current model before switching.

Does it hold up?

Partly evidenced: real API benchmarks exist (Artificial Analysis: 99.8 tok/s, Intelligence Index 44), so cost-sensitive agentic coding use is credible; open weights land Oct 15, which will unlock local testing.

Built with Step 5 Preview (StepFun)

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technical deep dive →

First spotted on article: source.

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