The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
RuntimeWire's[6] report dated 20 September says StepFun[2] "launches" the model that day and Daily Economic News says StepFun released it on 20 September (9月20日); the docs page itself is undated. Wikipedia's 18 September and OpenRouter's 8 October router listing disagree, and are not the launch.
StepFun's[1] pricing table: step-5-preview at $1.00 per 1 million input tokens (cache miss), $0.10 cache hit and $2.70 output, output including the reasoning trace; step-3.7-flash $0.20, $0.04 and $1.15; step-3.5-flash $0.10, $0.02 and $0.30.
Independent evaluation: 44 on the Intelligence Index v4.3.2 (40th of 218), 88.5 output tokens per second, $1.03 per Intelligence Index task, 160M output tokens in the index run (very verbose), 1M context, text and image input, listed as a proprietary model released in September 2026.[1]
Daily Economic News on 21 September: StepFun[1][2] released Step 5 Preview on 20 September, 600B total and 27B active, 1M context, 44 on the Artificial Analysis[3] index (Qwen3.8 Max and GLM-5.3 score 45), DeepSWE v1.1 67.7%, single-task cost 1/8 of Claude Opus 5, and an analyst calling it a "textbook" pass that is one step short of a generational leap.
Third-party write-up that reproduces StepFun's[1][2] launch charts and tables: the benchmark comparison against Kimi K3, GLM-5.3, GPT-6 Astra and Claude Opus 5, 64k max output, up to 60 images per request, the 15 October open-weights countdown and the -65% cost Pareto chart.
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| Benchmark (StepFun-reported) | Step 5 Preview | Kimi K3 | GLM-5.3 | GPT-6 Astra | Claude Opus 5 |
|---|---|---|---|---|---|
| DeepSWE v1.1 | 67.7 | 67.5 | 66.9 | 74.1 | 74.0 |
| StepCodeBench (StepFun's own) | 49.0 | 43.9 | 40.2 | 61.0 | 63.9 |
| ProgramBench | 80.5 | 77.8 | 72.0 | 85.4 | 82.3 |
| Terminal-Bench v4 | 33.3 | 12.6 | 41.9 | 57.9 | 52.3 |
| FrontierFinance | 66.4 | 62.6 | 64.1 | 55.0 | 69.7 |