DeepSeek announces a “significant” rise in the prices it charges for AI services, prompting widespread attention across the industry. Multiple outlets report that the company is moving away from cheaper, flat-rate pricing toward a system that increases costs during high-demand periods.

Bloomberg and other outlets say the change is unusually large for a company known for low prices and that the move is likely to affect competitive dynamics among Chinese AI providers and their U.S. counterparts. Quartz and the South China Morning Post report that the company will introduce peak and off-peak billing for specific V4 models, with pricing adjustments to be applied starting soon.

Fortune provides a concrete example of the shift: it reports that the price for one million tokens during peak hours rises from $0.28 to $1.32, while off-peak pricing is set at half that peak rate. The Wall Street Journal and Bloomberg also characterize the adjustment as a multiple—such as a fourfold increase for flagship V4 model prices—while adding that DeepSeek’s new rates remain below those of major rivals. In parallel, ZeroHedge points to DeepSeek’s resumed funding efforts, framing the price hike as part of a broader commercial and growth push amid strong demand for its low-cost models.