Gemini 4 Carbon vs Step 5 Preview
Google · US | StepFun · China · Updated June 2026
Quick verdict
Pick Gemini 4 Carbon for ranked first on the artificial analysis intelligence index v5.0 with 59 at launch (artificial analysis now shows 60) or google-reported 88.2% on sec-bench pro and 54.8% on exploitgym for vulnerability discovery and exploit validation. Pick Step 5 Preview for sparse moe architecture — 600b total parameters, only 27b active per token — built for long-horizon agentic work across large codebases and documents or 1m-token context window (64k max output) at $1/$2.70 per million tokens, among the cheapest frontier-scale context windows available. Choose Step 5 Preview if you need self-hosting or data privacy; Gemini 4 Carbon if you want a managed API.
Gemini 4 Carbon (Google, US) and Step 5 Preview (StepFun, China) line up two different AI ecosystems against each other — a comparison that is as much about cost philosophy and openness as raw capability. Gemini 4 Carbon is google's October 28, 2026 limited release for cyber defenders - top of the Artificial Analysis index at launch, priced at $2/$10 introductory, with no public API date yet. Step 5 Preview is stepFun's September 20, 2026 flagship preview — a 600B-parameter sparse MoE model (27B active) with a 1M-token context window at $1/$2.70 per million tokens, with open weights published October 15. They diverge most on price and open vs. closed weights — each quantified below from the models' real specs.
Key differences at a glance
- ▸Price: Step 5 Preview is about 2× cheaper on input ($1/$2.7 per 1M tokens vs $2/$10 per 1M tokens) — meaningful once you are processing millions of tokens a month.
- ▸Context window: both advertise 1M tokens (~1,500 pages). Tie on paper — test on your own long inputs, since usable recall varies by model.
- ▸Recency: Gemini 4 Carbon is the newer model by about 38 days (released October 28, 2026), usually meaning fresher training data and capabilities.
- ▸Ecosystem: this is a US-vs-China matchup — they differ in pricing philosophy, data-residency options, and tooling ecosystems, not only benchmarks.
Side-by-side specs
| Spec | Gemini 4 Carbon | Step 5 Preview |
|---|---|---|
| Provider | Google (US) | StepFun (China) |
| Released | October 28, 2026 | September 20, 2026 |
| Context window | 1M tokens (~1,500 pages) | 1M tokens (~1,500 pages) |
| Price (in/out) | $2/$10 per 1M tokens | $1/$2.7 per 1M tokens |
| Open weight? | No — API only | Yes — self-hostable |
| Modalities | text, image, audio, video, code | text, image, code |
| SWE-Bench Verified | Not published | Not published |
| MRCR v2 @ 1M | Not published | Not published |
Who wins what
Ranked first on the Artificial Analysis Intelligence Index v5.0 with 59 at launch (Artificial Analysis now shows 60)
Gemini 4 Carbon
Google's October 28, 2026 limited release for cyber defenders - top of the Artificial Analysis index at launch, priced at $2/$10 introductory, with no public API date yet — and it is the newer of the two.
Google-reported 88.2% on SEC-bench Pro and 54.8% on ExploitGym for vulnerability discovery and exploit validation
Gemini 4 Carbon
Step 5 Preview is comparatively weak here — stepCodeBench and DeepSWE figures are StepFun's own reported numbers, not yet independently reproduced at scale
Google-reported 71.0% on CWE-bench for patching
Gemini 4 Carbon
Gemini 4 Carbon lists google-reported 71.0% on CWE-bench for patching among its strengths; Step 5 Preview does not.
Sparse MoE architecture — 600B total parameters, only 27B active per token — built for long-horizon agentic work across large codebases and documents
Step 5 Preview
StepFun's September 20, 2026 flagship preview — a 600B-parameter sparse MoE model (27B active) with a 1M-token context window at $1/$2.70 per million tokens, with open weights published October 15 — and it runs cheaper at $1/$2.7 per 1M tokens.
1M-token context window (64K max output) at $1/$2.70 per million tokens, among the cheapest frontier-scale context windows available
Step 5 Preview
At $1/$2.7 per 1M tokens it undercuts Gemini 4 Carbon ($2/$10 per 1M tokens), and that gap compounds at volume.
67.7% on DeepSWE v1.1, ahead of open-weight rivals Kimi K3 (67.5%) and GLM-5.3 (66.9%)
Step 5 Preview
Open weights make this possible at all — Gemini 4 Carbon is API-only, so it cannot leave the vendor's servers.
Lowest cost at scale
Step 5 Preview
At $1/$2.7 per 1M tokens, it is the cheaper of the two — the gap dominates the bill on high-volume workloads.
Which should you pick?
A cost-sensitive startup shipping high volume
→ Step 5 Preview
At $1/$2.7 per 1M tokens it undercuts Gemini 4 Carbon, and on millions of tokens that margin decides the monthly bill.
A team with data-privacy or self-hosting needs
→ Step 5 Preview
Open weights let you run it on your own hardware; Gemini 4 Carbon is API-only.
Anyone whose priority is ranked first on the artificial analysis intelligence index v5.0 with 59 at launch (artificial analysis now shows 60)
→ Gemini 4 Carbon
It is specifically built for that.
Anyone whose priority is sparse moe architecture — 600b total parameters, only 27b active per token — built for long-horizon agentic work across large codebases and documents
→ Step 5 Preview
That is its strongest area.
An enterprise with regional data-residency rules
→ Gemini 4 Carbon or Step 5 Preview
Origin (US vs China) affects where data is processed and which compliance regime applies — check the provider's terms for your region.
Gemini 4 Carbon: where it fits
Google's October 28, 2026 limited release for cyber defenders - top of the Artificial Analysis index at launch, priced at $2/$10 introductory, with no public API date yet. Released October 28, 2026 by Google, it is built for ranked first on the Artificial Analysis Intelligence Index v5.0 with 59 at launch (Artificial Analysis now shows 60), google-reported 88.2% on SEC-bench Pro and 54.8% on ExploitGym for vulnerability discovery and exploit validation, google-reported 71.0% on CWE-bench for patching, and introductory $2/$10 per million tokens, matching Gemini 4 Argon, with cached input 95% off.
Its trade-offs are real: limited release: rolling out to a subset of cyber defenders, then trusted partners via the Fairwind Program, with no date for developers or consumers, no public API model listing yet, so most users cannot call it today, introductory pricing rises to $4/$20 afterward, and Google has not said when that happens, and google has not published context or modality specs - the 1M window and modalities shown come from Artificial Analysis and Vals. At $2 in / $10 out per million tokens, it sits in the mid price band.
Step 5 Preview: where it fits
StepFun's September 20, 2026 flagship preview — a 600B-parameter sparse MoE model (27B active) with a 1M-token context window at $1/$2.70 per million tokens, with open weights published October 15. Released September 20, 2026 by StepFun, it is built for sparse MoE architecture — 600B total parameters, only 27B active per token — built for long-horizon agentic work across large codebases and documents, 1M-token context window (64K max output) at $1/$2.70 per million tokens, among the cheapest frontier-scale context windows available, 67.7% on DeepSWE v1.1, ahead of open-weight rivals Kimi K3 (67.5%) and GLM-5.3 (66.9%), and scores 44 on the Artificial Analysis Intelligence Index, ranking 27th of 653 models tracked.
Its trade-offs: trails closed frontier models on coding — 67.7% on DeepSWE v1.1 vs GPT-6 Astra's 74.1% and Claude Opus 5's 74.0%, weights are public under the StepFun Model License 1.0, which is Apache-2.0-style but adds attribution and commercial conditions, a 'Preview' release, not StepFun's finished flagship — positioning and pricing may change, and stepCodeBench and DeepSWE figures are StepFun's own reported numbers, not yet independently reproduced at scale. At $1 in / $2.7 out per million tokens, it sits in the budget price band.
The bottom line for this matchup
The defining split here is open vs. closed. Step 5 Preview gives you weights you control — self-host it, fine-tune it, keep data in-house, pay only for hardware. Gemini 4 Carbon gives you a managed, always-updated API with no infrastructure to run. Teams with GPUs, privacy requirements, or huge volume often favour the open model; teams that want zero ops and the latest capabilities favour the closed one. Capability is close enough that this operational question, not the benchmark, usually decides it.
Want both Gemini 4 Carbon and Step 5 Preview without two subscriptions? LumiChats gives you these plus 40+ models under one ₹69/day pass (about $1/day) — draft with one, cross-check with the other.
See pricingFrequently asked questions
Is Gemini 4 Carbon or Step 5 Preview better for coding?
Public SWE-Bench figures are not available for either model, so the honest test is your own repository — run an identical real bug through both. By design, Gemini 4 Carbon leans toward ranked first on the artificial analysis intelligence index v5.0 with 59 at launch (artificial analysis now shows 60) while Step 5 Preview leans toward sparse moe architecture — 600b total parameters, only 27b active per token — built for long-horizon agentic work across large codebases and documents, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Gemini 4 Carbon or Step 5 Preview?
Step 5 Preview is open-weight, so self-hosting means no per-token fee (you pay for hardware instead), while Gemini 4 Carbon is API-metered at $2/$10 per 1M tokens. For most teams without GPUs, the API model is cheaper to start; at very high volume, self-hosting can win.
Which has the bigger context window?
Both advertise 1M tokens (~1,500 pages). Remember advertised ≠ usable: recall typically degrades before the ceiling.
Can I use both Gemini 4 Carbon and Step 5 Preview together?
Yes — a multi-model platform like LumiChats gives you Gemini 4 Carbon, Step 5 Preview and 40+ others under one ₹69/day pass (about $1/day), so you can draft with one and cross-check with the other instead of buying two subscriptions.
Which is newer, Gemini 4 Carbon or Step 5 Preview?
Gemini 4 Carbon — released October 28, 2026, about 38 days after Step 5 Preview.
Related comparisons
Specifications and benchmarks reflect publicly reported figures as of June 2026 and may change as providers release updates. Always verify on your own workload.