Written by Jakub Rusinowski · Last updated March 1, 2026
Model library → DeepSeek V3.2 → DeepSeek V3.2 685B
Updated frontier MoE model with 685B total and 37B active parameters. Delivers ~90% of GPT-5.4 performance. AIME 2026: 91.67% in thinking mode. MIT-licensed. API pricing: $0.28/1M input, $0.41/1M output — among the cheapest frontier models. Self-hosting requires ~370 GB at Q4 (multi-GPU cluster). Major improvement over the original DeepSeek V3 in reasoning and coding.
DeepSeek V3.2 685B needs about 414 GB of VRAM at Q4_K_M — quantized weights plus framework overhead, before any KV cache. On Apple Silicon that figure comes out of unified memory.
| Parameters | 685 Billion (37B active) |
| Context window | 128,000 |
| Architecture | Mixture-of-Experts |
| Provider | DeepSeek |
| Licence | MIT |
| Specified at | Q4_K_M |
| System RAM | 768 GB |
| Record updated | 2026-03-01 |
MIT — commercial use permitted. Commercial use permitted. No usage restrictions beyond attribution.
Modelled on a reference NVIDIA RTX 4090 (24 GB), at 8K context. Speed figures are ESTIMATES from the memory-bandwidth roofline described on the methodology page, not benchmarks we ran — rows marked measured come from published or reader-submitted runs. VRAM here includes the KV cache, so it reads higher than the headline figure above, which does not.
| Quant | Weights | VRAM needed | Est. speed | Fit on 24 GB |
|---|---|---|---|---|
| Q2_K | 225.2 GB | 226.6 GB | — | Won't fit |
| Q3_K_M | 292.0 GB | 293.4 GB | — | Won't fit |
| Q4_K_M | 413.6 GB | 414.9 GB | — | Won't fit |
| Q5_K_M | 485.5 GB | 486.9 GB | — | Won't fit |
| Q6_K | 561.7 GB | 563.1 GB | — | Won't fit |
| Q8_0 | 727.8 GB | 729.2 GB | — | Won't fit |
| F16 | 1370.0 GB | 1371.4 GB | — | Won't fit |
Want the memory numbers alone, at every quantization level and your own context length? Use the DeepSeek V3.2 685B VRAM calculator.
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The cheapest catalogued GPU that runs DeepSeek V3.2 685B is the Apple M3 Ultra (512 GB).
Install Ollama, then run:
ollama run deepseek-v3-2
Weights on Hugging Face: deepseek-ai/DeepSeek-V3-2.
Best for: reasoning, coding, enterprise, cost efficient.
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