DeepSeek-V3.2 (Thinking) vs Kimi K2 0905 Comparison
Comparing DeepSeek-V3.2 (Thinking) and Kimi K2 0905 across benchmarks, pricing, and capabilities.
Performance Benchmarks
Comparative analysis across standard metrics
DeepSeek-V3.2 (Thinking) outperforms in 2 benchmarks (GPQA, MMLU-Pro), while Kimi K2 0905 is better at 0 benchmarks.
DeepSeek-V3.2 (Thinking) significantly outperforms across most benchmarks.
Arena Performance
Human preference votes
Pricing Analysis
Price comparison per million tokens
For input processing, DeepSeek-V3.2 (Thinking) ($0.28/1M tokens) is 2.1x cheaper than Kimi K2 0905 ($0.60/1M tokens).
For output processing, DeepSeek-V3.2 (Thinking) ($0.42/1M tokens) is 6.0x cheaper than Kimi K2 0905 ($2.50/1M tokens).
In conclusion, Kimi K2 0905 is more expensive than DeepSeek-V3.2 (Thinking).*
* Using a 3:1 ratio of input to output tokens
Model Size
Parameter count comparison
Kimi K2 0905 has 315.0B more parameters than DeepSeek-V3.2 (Thinking), making it 46.0% larger.
Context Window
Maximum input and output token capacity
Kimi K2 0905 accepts 262,144 input tokens compared to DeepSeek-V3.2 (Thinking)'s 131,072 tokens. Kimi K2 0905 can generate longer responses up to 262,144 tokens, while DeepSeek-V3.2 (Thinking) is limited to 65,536 tokens.
License
Usage and distribution terms
DeepSeek-V3.2 (Thinking) is licensed under MIT, while Kimi K2 0905 uses a proprietary license.
License differences may affect how you can use these models in commercial or open-source projects.
MIT
Open weights
Proprietary
Closed source
Release Timeline
When each model was launched
DeepSeek-V3.2 (Thinking) was released on 2025-12-01, while Kimi K2 0905 was released on 2025-09-05.
DeepSeek-V3.2 (Thinking) is 3 months newer than Kimi K2 0905.
Dec 1, 2025
3 months ago
2mo newerSep 5, 2025
6 months ago
Knowledge Cutoff
When training data ends
Neither model specifies a knowledge cutoff date.
Unable to compare the recency of their training data.
Provider Availability
DeepSeek-V3.2 (Thinking) is available from DeepSeek. Kimi K2 0905 is available from Novita. The availability of providers can affect quality of the model and reliability.
DeepSeek-V3.2 (Thinking)
Kimi K2 0905
Outputs Comparison
Key Takeaways
Kimi K2 0905
View detailsMoonshot AI
Detailed Comparison
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