DeepSeek V4: Separating Engineering Signal from Marketing Noise

DeepSeek V4: Rumors vs Reality for the Next Big Coding Model

TLDR: DeepSeek V4 is the most hyped model drop since R1, but the reality is more nuanced than Reddit would have you believe. Three technical claims hold up -- Engram architecture, 1M+ token context, and radical cost disruption -- but the competitive landscape has shifted so dramatically in February 2026 that V4 may be launching into a market that has already moved past the benchmarks it was targeting.

Link: DeepSeek V4: Rumors vs Reality for the Next Big Coding Model