Model Comparison

Mercury 2 vs Mistral Large 3

Comparing Mercury 2 and Mistral Large 3 across benchmarks, pricing, and capabilities.

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Performance Benchmarks

Comparative analysis across standard metrics

No common benchmarks found

Mercury 2 and Mistral Large 3 don't have any common benchmark datasets to compare. They may have been evaluated on different testing suites.

Arena Performance

Human preference votes

Pricing Analysis

Price comparison per million tokens

Mercury 2 costs less

For input processing, Mercury 2 ($0.25/1M tokens) is 8.0x cheaper than Mistral Large 3 ($2.00/1M tokens).

For output processing, Mercury 2 ($0.75/1M tokens) is 6.7x cheaper than Mistral Large 3 ($5.00/1M tokens).

In conclusion, Mistral Large 3 is more expensive than Mercury 2.*

* Using a 3:1 ratio of input to output tokens

Lowest available price from all providers
Sat May 16 2026 • llm-stats.com
Inception
Mercury 2
Input tokens$0.25
Output tokens$0.75
Best providerInception
Mistral AI
Mistral Large 3
Input tokens$2.00
Output tokens$5.00
Best providerMistral
Notice missing or incorrect data?Start an Issue→

Context Window

Maximum input and output token capacity

Both models have the same input context window of 128,000 tokens. Both models can generate responses up to 8,192 tokens.

Inception
Mercury 2
Input128,000 tokens
Output8,192 tokens
Mistral AI
Mistral Large 3
Input128,000 tokens
Output8,192 tokens
Sat May 16 2026 • llm-stats.com

Input Capabilities

Supported data types and modalities

Mistral Large 3 supports multimodal inputs, whereas Mercury 2 does not.

Mistral Large 3 can handle both text and other forms of data like images, making it suitable for multimodal applications.

Mercury 2

Text
Images
Audio
Video

Mistral Large 3

Text
Images
Audio
Video

License

Usage and distribution terms

Mercury 2 is licensed under a proprietary license, while Mistral Large 3 uses Apache 2.0.

License differences may affect how you can use these models in commercial or open-source projects.

Mercury 2

Proprietary

Closed source

Mistral Large 3

Apache 2.0

Open weights

Release Timeline

When each model was launched

Mercury 2 was released on 2026-02-24, while Mistral Large 3 was released on 2025-09-01.

Mercury 2 is 6 months newer than Mistral Large 3.

Mercury 2

Feb 24, 2026

2 months ago

5mo newer
Mistral Large 3

Sep 1, 2025

8 months ago

Knowledge Cutoff

When training data ends

Neither model specifies a knowledge cutoff date.

Unable to compare the recency of their training data.

No cutoff dates available

Provider Availability

Mercury 2 is available from Inception. Mistral Large 3 is available from Mistral AI.

Mercury 2

inception logo
Inception
Input Price:Input: $0.25/1MOutput Price:Output: $0.75/1M

Mistral Large 3

mistral logo
Mistral
Input Price:Input: $2.00/1MOutput Price:Output: $5.00/1M
* Prices shown are per million tokens

Outputs Comparison

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Key Takeaways

Inception
Less expensive input tokens
Less expensive output tokens
Mistral AI
Supports multimodal inputs
Has open weights

Detailed Comparison

AI Model Comparison Table
Feature
Inception
Mercury 2
Mistral AI
Mistral Large 3

FAQ

Common questions about Mercury 2 vs Mistral Large 3.

Which is better, Mercury 2 or Mistral Large 3?

Mercury 2 (Inception) and Mistral Large 3 (Mistral AI) each have strengths in different areas. Compare their benchmark scores, pricing, context windows, and capabilities above to determine which fits your needs.

How does Mercury 2 compare to Mistral Large 3 in benchmarks?

Mercury 2 scores AIME 2025: 91.1%, GPQA: 74.0%, IFBench: 71.0%, LiveCodeBench: 67.0%, Tau2 Airline: 53.0%. Mistral Large 3 scores MATH: 90.4%, MM-MT-Bench: 84.9%, MMLU-Redux: 82.0%, TriviaQA: 74.9%, MMMLU: 74.2%.

Is Mercury 2 cheaper than Mistral Large 3?

Mercury 2 is 8.0x cheaper for input tokens. Mercury 2 costs $0.25/M input and $0.75/M output via inception. Mistral Large 3 costs $2.00/M input and $5.00/M output via mistral.

What are the context window sizes for Mercury 2 and Mistral Large 3?

Mercury 2 supports 128K tokens and Mistral Large 3 supports 128K tokens. A larger context window lets you process longer documents, conversations, or codebases in a single request.

What are the main differences between Mercury 2 and Mistral Large 3?

Key differences include input pricing ($0.25 vs $2.00/M), multimodal support (no vs yes), licensing (Proprietary vs Apache 2.0). See the full comparison above for benchmark-by-benchmark results.

Who makes Mercury 2 and Mistral Large 3?

Mercury 2 is developed by Inception and Mistral Large 3 is developed by Mistral AI.