Qwen3-Max vs Step-3.5-Flash

Alibaba / Qwen

Qwen3-Max, released by Alibaba in September 2025 as an API preview, is a large language model exceeding one trillion parameters built for complex reasoning and long-context tasks. It features a 262K token context window, hybrid thinking modes that allow switching between direct generation and extended chain-of-thought, and is available as a proprietary cloud API via Alibaba Cloud and Qwen Chat. Qwen3-Max targets demanding reasoning, multilingual analysis, and applications requiring frontier-level performance from the Qwen3 generation.

StepFun

Step-3.5-Flash, released by StepFun on February 2, 2026, is a Mixture-of-Experts large language model with 197 billion total parameters and approximately 11 billion active parameters per inference. It features a 256K token context window using a 3:1 sliding-window-to-full-attention ratio, processing 100–350 tokens per second. Step-3.5-Flash targets agentic tasks, coding workflows, and open-source deployments requiring frontier reasoning capabilities with efficient inference, under an Apache 2.0 license.