Tencent's 770B Flagship Activates Only 49B: Five Open-Weight Flagships Compared, and Total Parameters Don't Decide Deployment Cost
Hy4 preview (770B/49B) pushes the open-source flagship parameter race to a new high, but total parameters don't decide deployment cost: active parameters save compute, while weight residency consumes VRAM. This review lines up five open-weight flagships - Hy4 preview, GLM-5.3, Kimi K3 (2.8T), DeepSeek V4 (1.6T reported) and Qwen3.8-Max (2.4T) - across active/total ratio, context, license, VRAM threshold (engineering estimates) and API price snapshots. Division of labor with the Aug 27 price review: that one ran the API math at the 320B tier, this one runs the parameter and deployment-threshold math at 700B-2.8T. Five scenario verdicts: pick Hy4 for the newest (Apache 2.0 + MTP speculative decoding + FP8-friendly), K3 for raw scale, GLM/DeepSeek for mature ecosystems, Qwen for Alibaba-compliance stacks, and for everyone: check per-token cost and sparse attention before total parameters.