2 1 Shi Ji Jing Ji Bao Dao·2025-08-21 09:59Core Insights - DeepSeek officially announced the release of version 3.1 on August 21, featuring significant upgrades including a hybrid reasoning architecture and improved response efficiency [1] - The pricing for API calls has increased, with new rates effective from September 6, including a removal of night-time discounts [2] - The market reacted positively to the news, with shares of Daily Interactive (300766.SZ) rising by 13.62% to 47.98 CNY per share [4] Group 1: Product Updates - DeepSeek V3.1 introduces a hybrid reasoning architecture that allows for flexible switching between thinking and non-thinking modes, enhancing agent capabilities [1] - The model utilizes UE8M0 FP8 Scale parameter precision and has undergone significant adjustments to the tokenizer and chat template, marking a clear distinction from DeepSeek V3 [1] - The foundational model of V3.1 has been retrained with an additional 840 billion tokens, and both the foundational and post-training models are available on Huggingface and MoDa [4] Group 2: Pricing Changes - The API call pricing has been adjusted, with input prices set at 0.5 CNY per million tokens for cache hits and 4 CNY per million tokens for cache misses, up from 2 CNY for V3 [2] - The output price has increased to 12 CNY per million tokens, compared to 8 CNY for V3 [2] Group 3: Market Reaction - Following the announcement, shares of Daily Interactive surged, attributed to its perceived connection with DeepSeek, as it was rumored to hold a 14.50% stake in the DeepSeek development team [4] - Daily Interactive clarified that it does not hold any equity in DeepSeek or its associated companies, despite previous speculation [4]