Tencent Says 49B Active. Your Node Loads All 770B.
Tencent's Hy4 preview markets 49B active parameters, but all 770B must stay resident — roughly 780GB in FP8, which an 8xH100 node cannot load at all. Size a Mixture-of-Experts model on total parameters and price throughput on active ones.
August 30, 2026 · 12 min read