Model Comparison
DeepSeek-V3.2 (Thinking) vs GPT-5.2 Codex
GPT-5.2 Codex significantly outperforms across most benchmarks. DeepSeek-V3.2 (Thinking) is 15.3x cheaper per token.
Performance Benchmarks
Comparative analysis across standard metrics
DeepSeek-V3.2 (Thinking) outperforms in 0 benchmarks, while GPT-5.2 Codex is better at 1 benchmark (Terminal-Bench 2.0).
GPT-5.2 Codex 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 6.2x cheaper than GPT-5.2 Codex ($1.75/1M tokens).
For output processing, DeepSeek-V3.2 (Thinking) ($0.42/1M tokens) is 33.3x cheaper than GPT-5.2 Codex ($14.00/1M tokens).
In conclusion, GPT-5.2 Codex is more expensive than DeepSeek-V3.2 (Thinking).*
* Using a 3:1 ratio of input to output tokens
Context Window
Maximum input and output token capacity
GPT-5.2 Codex accepts 400,000 input tokens compared to DeepSeek-V3.2 (Thinking)'s 131,072 tokens. GPT-5.2 Codex can generate longer responses up to 128,000 tokens, while DeepSeek-V3.2 (Thinking) is limited to 65,536 tokens.
Input Capabilities
Supported data types and modalities
GPT-5.2 Codex supports multimodal inputs, whereas DeepSeek-V3.2 (Thinking) does not.
GPT-5.2 Codex can handle both text and other forms of data like images, making it suitable for multimodal applications.
DeepSeek-V3.2 (Thinking)
GPT-5.2 Codex
License
Usage and distribution terms
DeepSeek-V3.2 (Thinking) is licensed under MIT, while GPT-5.2 Codex 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 GPT-5.2 Codex was released on 2026-01-14.
GPT-5.2 Codex is 1 month newer than DeepSeek-V3.2 (Thinking).
Dec 1, 2025
4 months ago
Jan 14, 2026
3 months ago
1mo newerKnowledge 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. GPT-5.2 Codex is available from OpenAI.
DeepSeek-V3.2 (Thinking)
GPT-5.2 Codex
Outputs Comparison
Key Takeaways
Detailed Comparison
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FAQ
Common questions about DeepSeek-V3.2 (Thinking) vs GPT-5.2 Codex