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Hy4 model: Tencent ships the API before weights, parameter count or license

Tencent's Hy4 is live via API at $0.90/$2.70 per million tokens. Without weights, size or license, nobody can yet plan self-hosting.

Published
November 6, 2026
Read
5 min
Published by
Samir Sengupta
Tencent Hy4 launch: API pricing listed, but weights, parameter count and license still missing
Note 130 / 134Daily note · Written from 1 source

How this was madeDrafted with Claude, Anthropic’s model, from 1 cited source, then checked against it in a second editing pass. Editorial policy

the short version

  • Tencent has released Hy4 as an API and in its own products, but it has not yet published the weights, system cards, parameter count, architecture or license.
  • The only head-to-head result is a blind evaluation on 579 financial tasks: Hy4 scored 3.04, DeepSeek-V4.1-Flash-1017 2.97, and Kimi K3.1 Pro and GLM-5.3 2.68 each.
  • The announcement does not mention Mistral Large 4, and it does not give the hardware or memory needed to serve Hy4.
  • Hy4 costs about US$0.90 per million input tokens and US$2.70 per million output tokens, the same as Hy4 Preview. Tencent Cloud TokenHub offers it at 50% off through December 31, 2026.

Tencent launched the Hy4 model on November 5, 2026, through its own products and an API. It has not published the weights, a parameter count, an architecture description, a license, or hardware and memory requirements, and says weights and system cards will follow in the coming days. The launch includes one head-to-head comparison, a blind evaluation on financial tasks: Hy4 scored 3.04, DeepSeek-V4.1-Flash-1017 2.97 and Kimi K3.1 Pro 2.68. Mistral Large 4 does not appear in the announcement.

Tencent's announcement headline says Hy4 joins the ranks of the world's leading open-source AI models. That label cannot be checked until the weights and license terms are out. Until then, engineers can call the model through an API but cannot plan a self-hosted deployment, because the inputs a serving plan needs are missing: model size, memory footprint and license.


Tencent Hy plans to release model weights and system cards in the coming days
Tencent, launch announcement, tencent.com

What the Hy4 model launch specifies

The announcement describes capabilities and gives no specifications. Tencent says Hy4 introduces visual understanding for the first time, citing fine-grained image processing, complex chart analysis and mathematical visual reasoning. It also introduces computer use for the first time, covering both command-line and graphical user interfaces. Tencent says the model received specialized training on professional software such as Blender and CAD to improve planning and execution of long-horizon tasks. The release claims better instruction following, long-context comprehension and long-horizon agentic tasks, but gives no context-window length.

Hy4 is available in Tencent Cloud TokenHub, WorkBuddy, CodeBuddy, Yuanbao, WeCom's AI Assistant (Dayuan) and ima. Its API is also being made available through OpenRouter, Hermes and OpenCode. Tencent says integration with QQ, Honor of Kings, Game of Peace, WeRead and Tencent News is underway.

Parameter count, architecture and license are undisclosed

The launch post gives no parameter count. It does not say whether the model is dense or mixture-of-experts, and gives no active-parameter figure, no context length and no training-compute figure. The only mention of architecture is indirect: Tencent says Hy4, using the Hyra 2.0 harness, optimized the pre-training infrastructure for smaller models sharing the same architecture. So smaller models with Hy4's architecture exist, but the architecture itself is not described.

The license is also unstated. 'Open-source' could mean a permissive license, a custom license with use restrictions, or weights released without training code or data, and the post does not say which. Teams that need license terms for a procurement or compliance decision have to wait for the weights release.

Serving hardware and memory cannot be sized yet

The launch material gives no GPU count, VRAM requirement, quantization guidance or throughput figure. Without a parameter count and architecture, nobody can estimate weight memory, KV-cache cost per token or the minimum node size. Any figure published before the weights are released is a guess.

The API price is the one cost input available. Tencent lists about US$0.90 per million input tokens, US$2.70 per million output tokens and US$0.045 per million cached input tokens, the same as Hy4 Preview. Hy4 is 50% off standard pricing on Tencent Cloud TokenHub through December 31, 2026, and WorkBuddy and CodeBuddy are free from November 4 to 15.

Tencent says Hy4 Flash, which it describes as delivering greater cost-efficiency, is scheduled for release soon. The post's own section heading says Hy4 Flash was 'Recently Released', so its status is unclear. No price or specification has been given for it.

The only cross-model comparison is a 579-task finance eval

The Tencent Hy team and Tencent Financial Technology ran the comparison as a blind evaluation. It involved 213 financial professionals, including 153 experts from external institutions, and about 70 percent of them had more than five years of industry experience. Scores were based on performance across 579 real-world financial tasks:

  • Hy4: 3.04
  • DeepSeek-V4.1-Flash-1017: 2.97
  • Kimi K3.1 Pro: 2.68
  • GLM-5.3: 2.68

Several caveats apply. Tencent does not state the scoring scale, so the 0.07 gap to DeepSeek cannot be judged as large or small. The DeepSeek entry is DeepSeek-V4.1-Flash-1017 and the Kimi entry is Kimi K3.1 Pro, so the results may not carry over to other variants of those models. The test covers a single domain and was organized by Tencent's own teams.

The announcement reports no standard public benchmark scores, such as coding, math or general reasoning suites, for any of these models. Mistral Large 4 is absent entirely, so the launch material offers no comparison with it.

Most other gains are measured against Hy4 Preview

The remaining numbers compare Hy4 with Hy4 Preview or report scores on Tencent's own products. They show progress inside the Hy4 line but do not position it against other models:

  • Investment Research Agent Benchmark (iRaB), an internal evaluation conducted by financial AI company Rabyte: +12.03 percentage points over Hy4 Preview.
  • Hallucination rate in internal evaluations: 12.95% for Hy4 Preview, 7.2% for Hy4. Errors caused by unsupported assumptions fell from 23.1% to 5.6%.
  • GameDev benchmark: +19.1 percent. GameLogic benchmark: +9.8 percent. The post also cites integration with Unreal Engine, Unity and Godot, and collaboration with Tencent Interactive Entertainment Group (IEG) developers.
  • WorkBuddy evaluations: average score 83.18, pass rate 96.15 percent, first place in nine of twelve scenarios in the mainland Chinese market.
  • TenureTrail: 123 executable tasks across seven disciplines. The post describes the result as superior performance but gives no number.

For agent builders, the drop in unsupported-assumption errors from 23.1% to 5.6% is likely the most relevant figure, because errors like this can propagate across multi-step tool use. Tencent reports it alongside targeted search optimization aimed at retrieving up-to-date information, integrating multiple sources and verifying factual consistency. It is still an internal metric with no published methodology. Tencent has also open-sourced two foundational models developed with Hy4 and Hyra 2.0: HyCell for single-cell representations and HyPDE for physics fields.

Safety claims rest on Tencent's internal lab reviews

Tencent says Hy4 was trained on defensive security data, prioritizing proof-of-concept development and vulnerability remediation. The training data includes reverse engineering and penetration testing for analysis purposes, and offensive exploitation material was explicitly excluded. Experts from Tencent's Xuanwu Lab and Keen Security Lab assessed cryptographic reverse engineering, binary deobfuscation and vulnerability exploitation, and found no significant concerns in the areas evaluated.

On biosafety, internal expert reviews found the model's foundational biological knowledge strong and its open-ended experimental design more limited than frontier models. Both assessments are internal. The system cards promised alongside the weights are where the methodology should appear, and teams with open-weight risk reviews should hold sign-off until those cards are published.

Questions this raises

Can I self-host the Hy4 model yet?

Not yet. Tencent has not published the weights, parameter count, architecture, license or hardware requirements, so weight memory, KV-cache cost and node size cannot be estimated. Tencent says weights and system cards will follow in the coming days.

How much does the Hy4 API cost?

Tencent lists about US$0.90 per million input tokens, US$2.70 per million output tokens and US$0.045 per million cached input tokens, the same as Hy4 Preview. Tencent Cloud TokenHub offers 50% off standard pricing through December 31, 2026.

How does Hy4 compare with DeepSeek and Kimi?

The only cross-model comparison is a Tencent-run blind evaluation on 579 financial tasks, where Hy4 scored 3.04, DeepSeek-V4.1-Flash-1017 2.97 and Kimi K3.1 Pro 2.68. Tencent does not state the scoring scale, and no standard public benchmark scores were reported.

Spotted an error? Email samir.s.sengupta@gmail.com and I will correct it and date the change at the top of the note. How these notes are researched, drafted and checked is in the editorial policy.

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