Step 5 Preview
CLOSEDStepFun's new flagship for agentic work: a 600B-total / 27B-active sparse MoE with a 1M-token context and text/image/video input, launched API-only around 2026-09-20 with open weights promised for October 15. StepFun's own table runs it at High effort against rivals at Max; it ties or edges Kimi K3 and GLM-5.3 on DeepSWE v1.1 (67.7) and GPQA (93.5) but trails them on Terminal-Bench v4 (33.3 vs GLM-5.3 41.9) and several agent rows. Priced at $1.00/$2.70 per Mtok. StepFun's comparison set contains no 'Step-4', 'Kimi K3.1' or other model the corpus added on 2026-09-23. Release date is secondary-sourced: StepFun pages print no date, and 2026-09-20 comes from MarkTechPost coverage (https://www.marktechpost.com/2026/09/20/stepfun-launches-step-5-preview/).