This comparison puts Anthropic's Claude Opus 5 (Max) next to Tencent's Tencent Hy4. Cost is where they split the most, with Tencent Hy4 working out at about 13% of Claude Opus 5 Max's blended rate. No hands-on testing went into this write-up; it summarises the recorded benchmark, price and speed data for both models.
Cost: Tencent Hy4 is cheaper
Per million tokens, Claude Opus 5 Max charges $5.00 for input and $25.00 for output, while Tencent Hy4 charges $0.834 and $2.501. Claude Opus 5 Max costs 10 times as much per output token.
For a sample workload of 1 million input tokens and 200,000 output tokens, Claude Opus 5 Max would cost $10.00 and Tencent Hy4 $1.33, a difference of $8.67. A bigger example, writing 2,000 drafts of 2,000 output tokens from 300-token prompts, costs $103 on Claude Opus 5 Max and $10.50 on Tencent Hy4: a gap of $92.50.
Benchmark scores
Claude Opus 5 Max comes out ahead on the intelligence index, 44.2 to 34.6. That is a wide gap for an aggregate score.
For context, that places Claude Opus 5 Max 26th and Tencent Hy4 42nd out of 109 scored models still on offer.
There are no coding or math index scores for either model in the catalogue, which keeps this comparison at the aggregate level.
Value for money
Per point of intelligence index, Claude Opus 5 Max costs $0.23 of blended price per million tokens and Tencent Hy4 $0.036. So Claude Opus 5 Max buys its higher score at a premium, while Tencent Hy4 is the value pick, paying 84% less per point.
Waiting time
Once a response is under way, Claude Opus 5 Max produces roughly 50 tokens per second against 94 tokens per second for Tencent Hy4. On long outputs, that is a real advantage for Tencent Hy4. Time to first token is 62 seconds for Claude Opus 5 Max and 2.4 seconds for Tencent Hy4. In an interactive app, Tencent Hy4 will feel noticeably more responsive. Waits that long are felt on every chat-style request, though they matter less for batch jobs.
Add the two numbers up for an 800-token reply and Tencent Hy4 finishes first: 78 seconds for Claude Opus 5 Max, 11 seconds for Tencent Hy4.
Generation gap
Tencent Hy4 arrived on November 3, 2026, about 3 months after Claude Opus 5 Max (July 24, 2026).

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