InferenceX
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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
    $0.112
    TRTLLM · FP4
    MI355X
    $0.15985% cheaper than this platform’s Jul 4 result
    ATOM¹ · FP4
    Compare curves
    B300
    $0.134
    TRTLLM · FP4
    GB200 NVL72
    $0.514
    Dynamo vLLM · FP4
    GB300 NVL72
    $0.21317% cheaper than this platform’s Jun 15 result
    Dynamo SGLang · FP4STP
    Compare curves

  • DeepSeek V4 Pro 1.6T

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    $0.050
    vLLM · FP4
    MI355X
    $0.256
    MoRI SGLang · FP4
    B300
    $0.034
    vLLM · FP4
    GB200 NVL72
    no data for this scenario
    GB300 NVL72
    $0.011
    Dynamo vLLM · FP4

  • Kimi K3 2.8T

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    $1.350
    Dynamo vLLM · FP4STP
    MI355X
    no data for this scenario
    B300
    $0.154
    vLLM · FP4
    GB200 NVL72
    $0.497
    Dynamo vLLM · FP4
    GB300 NVL72
    no data for this scenario

  • MiniMax M3 428B

    8K/1K

    B200
    $0.06713% cheaper than this platform’s Jun 23 result
    vLLM · FP8
    Compare curves
    MI355X
    $0.053
    ATOM¹ · FP4
    B300
    $0.05612% cheaper than this platform’s Jul 6 result
    vLLM · FP4
    Compare curves
    GB200 NVL72
    $0.10814% more expensive than this platform’s Jun 29 result
    Dynamo vLLM · FP8STP
    Compare curves
    GB300 NVL72
    $0.110About the same cost as this platform’s Jun 26 result
    Dynamo vLLM · FP8STP
    Compare curves

  • MiniMax M3 428B

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    no exact @50 result
    MI355X
    no data for this scenario
    B300
    $0.012
    vLLM · FP4
    GB200 NVL72
    no data for this scenario
    GB300 NVL72
    no data for this scenario

  • GLM5.2

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    no exact @50 result
    MI355X
    no data for this scenario
    B300
    no exact @50 result
    GB200 NVL72
    no data for this scenario
    GB300 NVL72
    no data for this scenario

  • Qwen3.5 397B

    8K/1K

    B200
    $0.036
    TRTLLM · FP4
    MI355X
    $0.06727% cheaper than this platform’s Jun 15 result
    SGLang · FP4
    Compare curves
    B300
    $0.0406% cheaper than this platform’s Jul 4 result
    SGLang · FP4
    Compare curves
    GB200 NVL72
    $0.142
    Dynamo SGLang · FP8STP
    GB300 NVL72
    $0.06333% cheaper than this platform’s Jun 25 result
    Dynamo TRTLLM · FP4STP
    Compare curves

  • Qwen3.5 397B

    Long Context Multi-Turn Realistic Agentic Scenario (AgentX)

    B200
    no exact @50 result
    MI355X
    no data for this scenario
    B300
    $0.006
    SGLang · FP4
    GB200 NVL72
    no data for this scenario
    GB300 NVL72
    $0.007
    Dynamo SGLang · FP4

Current cost and change versus the latest validated platform result 30–60 days earlier.

Platforms without a valid 30-day comparison show current cost only.

If a chip does not have FP4 spec decoding available, the next best available configuration is used.