DeepSeek-V3.2 (Thinking) vs GPT-5.4 nano: Specs & Benchmark Comparison

CharacteristicDeepSeek-V3.2 (Thinking)GPT-5.4 nano
CompanyDeepSeekOpenAI
Release DateNovember 30, 2025March 1, 2026
Parameters685B
MultimodalNoYes
Context (input)131K400K
Context (output)66K128K
Input Price / 1M$0.28$0.12
Output Price / 1M$0.42$1.50
Average Score0.90.7
Benchmarks
GPQA0.80.8

Visual Benchmark Comparison

DeepSeek-V3.2 (Thinking)
GPT-5.4 nano
GPQA0.8 vs 0.8
0.8
0.8

Verdict

GPT-5.4 nano leads in 2 out of 4 comparison categories.

Overall Performance

Both models show comparable average scores: DeepSeek-V3.2 (Thinking) — 0.9, GPT-5.4 nano — 0.7.

API Cost

DeepSeek-V3.2 (Thinking) is 2.3x cheaper: input $0.28/1M vs $0.12/1M tokens.

Context Window

GPT-5.4 nano supports a larger context: 400K vs 131K tokens.

Recency

GPT-5.4 nano is newer: released 3/1/2026 vs 11/30/2025.

More About These Models

Related Comparisons

The DeepSeek-V3.2 (Thinking) and GPT-5.4 nano comparison is updated for 2026. Data includes benchmark results, API pricing, context window size and other specifications. For more detailed information, visit the DeepSeek-V3.2 (Thinking) or GPT-5.4 nano page. See also the complete list of AI model comparisons.