Tencent Hy3 starts at $0.1288 per million tokens

Tencent took Hy3 global at an OpenRouter starting price of $0.1288 per million input tokens and $0.5336 per million output tokens, putting a 295-billion-parameter mixture-of-experts model with 21 billion active parameters and a 256K context window behind WorkBuddy, Miora, and TokenHub. OpenRouter’s live Hy3 listing confirms the price and Apache 2.0 weights; teams evaluating the open-model cost curve should benchmark tool accuracy before treating the headline rate as a substitute for the frontier-cost tradeoffs documented for Kimi K3.