StepFun introduced the preliminary version of Step 5 on September 20, 2026, as its next flagship foundational model designed for long-horizon agents, according to information from Tencent Tech, DataLearner model cards, and company materials available at stepfun.com. The official English name of the model is StepFun / Step 5.
It is important to note that although the model identifier step-5-preview is already available via the product API and the open StepFun platform, the open weights in BF16 format are scheduled only for October 15, 2026, and were not available at launch. Therefore, availability via API and open weights should be considered as separate points.
The model architecture features a Mixture of Experts (MoE) sparse design with an approximate total of 600 billion parameters. Approximately 27 billion parameters are activated per token within a 92-layer 'narrow and deep' Transformer. The choice of depth is driven by agent requirements, as longer information paths through layers contribute to improved multi-step implicit reasoning and handling of long tool outputs.
The model supports a one-million-token context window, accepting both text and image input (though video input is mentioned on third-party cards). It is oriented towards applications in AI coding, software development, financial analysis, and professional agent usage. To maintain practicality with the million-token attention, sparse GQA was applied in combination with token block merging, reducing the cost of indexer and top-k selection by approximately one eighth.
During training, special attention was paid to bit-level alignment between training and inference to ensure stable MoE routing, and load-aware scheduling, speculative decoding, and FP8 paths were utilized. StepFun claims that these methods accelerate the long-horizon Reinforcement Learning (RL) process by more than three times overall.
According to data from Artificial Analysis's composite AI index, it scores 44 points. The company places this rating among leading models focused on open access. Aggregator cards also list API prices: about $1.00 per input token and $2.70 per output token per million tokens, but comparisons of metrics and cost should be viewed as statements from third parties or providers.
Until October 15, Step 5 Preview should primarily be regarded as a functional API for long-horizon agents, having only a planned commitment for open weights, rather than a release of weights on Hugging Face or a drop-in replacement for Meituan LongCat, MiniMax Code Flash, or NaiveAI OSS MoE.



