Model Comparison

Mistral Large 3 (675B Instruct 2512) vs Qwen3 32B

Qwen3 32B significantly outperforms across most benchmarks. Qwen3 32B is 5.0x cheaper per token.

Performance Benchmarks

Comparative analysis across standard metrics

1 benchmarks

Mistral Large 3 (675B Instruct 2512) outperforms in 0 benchmarks, while Qwen3 32B is better at 1 benchmark (LiveCodeBench).

Qwen3 32B significantly outperforms across most benchmarks.

Thu Apr 16 2026 • llm-stats.com

Arena Performance

Human preference votes

Pricing Analysis

Price comparison per million tokens

Qwen3 32B costs less

For input processing, Mistral Large 3 (675B Instruct 2512) ($0.50/1M tokens) is 5.0x more expensive than Qwen3 32B ($0.10/1M tokens).

For output processing, Mistral Large 3 (675B Instruct 2512) ($1.50/1M tokens) is 5.0x more expensive than Qwen3 32B ($0.30/1M tokens).

In conclusion, Mistral Large 3 (675B Instruct 2512) is more expensive than Qwen3 32B.*

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

Lowest available price from all providers
Thu Apr 16 2026 • llm-stats.com
Mistral AI
Mistral Large 3 (675B Instruct 2512)
Input tokens$0.50
Output tokens$1.50
Best providerMistral
Alibaba Cloud / Qwen Team
Qwen3 32B
Input tokens$0.10
Output tokens$0.30
Best providerDeepinfra
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Model Size

Parameter count comparison

642.2B diff

Mistral Large 3 (675B Instruct 2512) has 642.2B more parameters than Qwen3 32B, making it 1957.9% larger.

Mistral AI
Mistral Large 3 (675B Instruct 2512)
675.0Bparameters
Alibaba Cloud / Qwen Team
Qwen3 32B
32.8Bparameters
675.0B
Mistral Large 3 (675B Instruct 2512)
32.8B
Qwen3 32B

Context Window

Maximum input and output token capacity

Mistral Large 3 (675B Instruct 2512) accepts 262,100 input tokens compared to Qwen3 32B's 128,000 tokens. Mistral Large 3 (675B Instruct 2512) can generate longer responses up to 262,100 tokens, while Qwen3 32B is limited to 128,000 tokens.

Mistral AI
Mistral Large 3 (675B Instruct 2512)
Input262,100 tokens
Output262,100 tokens
Alibaba Cloud / Qwen Team
Qwen3 32B
Input128,000 tokens
Output128,000 tokens
Thu Apr 16 2026 • llm-stats.com

Input Capabilities

Supported data types and modalities

Mistral Large 3 (675B Instruct 2512) supports multimodal inputs, whereas Qwen3 32B does not.

Mistral Large 3 (675B Instruct 2512) can handle both text and other forms of data like images, making it suitable for multimodal applications.

Mistral Large 3 (675B Instruct 2512)

Text
Images
Audio
Video

Qwen3 32B

Text
Images
Audio
Video

License

Usage and distribution terms

Both models are licensed under Apache 2.0.

Both models share the same licensing terms, providing consistent usage rights.

Mistral Large 3 (675B Instruct 2512)

Apache 2.0

Open weights

Qwen3 32B

Apache 2.0

Open weights

Release Timeline

When each model was launched

Mistral Large 3 (675B Instruct 2512) was released on 2025-12-04, while Qwen3 32B was released on 2025-04-29.

Mistral Large 3 (675B Instruct 2512) is 7 months newer than Qwen3 32B.

Mistral Large 3 (675B Instruct 2512)

Dec 4, 2025

4 months ago

7mo newer
Qwen3 32B

Apr 29, 2025

11 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

Mistral Large 3 (675B Instruct 2512) is available from Mistral AI. Qwen3 32B is available from DeepInfra, Novita, Sambanova.

Mistral Large 3 (675B Instruct 2512)

mistral logo
Mistral
Input Price:Input: $0.50/1MOutput Price:Output: $1.50/1M

Qwen3 32B

deepinfra logo
Deepinfra
Input Price:Input: $0.10/1MOutput Price:Output: $0.30/1M
novita logo
Novita
Input Price:Input: $0.10/1MOutput Price:Output: $0.44/1M
sambanova logo
Sambanova
Input Price:Input: $0.40/1MOutput Price:Output: $0.80/1M
* Prices shown are per million tokens

Outputs Comparison

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Key Takeaways

Larger context window (262,100 tokens)
Supports multimodal inputs
Alibaba Cloud / Qwen Team

Qwen3 32B

View details

Alibaba Cloud / Qwen Team

Less expensive input tokens
Less expensive output tokens
Higher LiveCodeBench score (65.7% vs 34.4%)

Detailed Comparison

AI Model Comparison Table
Feature
Mistral AI
Mistral Large 3 (675B Instruct 2512)
Alibaba Cloud / Qwen Team
Qwen3 32B

FAQ

Common questions about Mistral Large 3 (675B Instruct 2512) vs Qwen3 32B

Qwen3 32B significantly outperforms across most benchmarks. Mistral Large 3 (675B Instruct 2512) is made by Mistral AI and Qwen3 32B is made by Alibaba Cloud / Qwen Team. The best choice depends on your use case — compare their benchmark scores, pricing, and capabilities above.
Mistral Large 3 (675B Instruct 2512) scores MMMLU: 85.5%, AMC_2022_23: 52.0%, GPQA: 43.9%, LiveCodeBench: 34.4%, SimpleQA: 23.8%. Qwen3 32B scores Arena Hard: 93.8%, AIME 2024: 81.4%, LiveBench: 74.9%, MultiLF: 73.0%, AIME 2025: 72.9%.
Qwen3 32B is 5.0x cheaper for input tokens. Mistral Large 3 (675B Instruct 2512) costs $0.50/M input and $1.50/M output via mistral. Qwen3 32B costs $0.10/M input and $0.30/M output via deepinfra.
Mistral Large 3 (675B Instruct 2512) supports 262K tokens and Qwen3 32B supports 128K tokens. A larger context window lets you process longer documents, conversations, or codebases in a single request.
Key differences include context window (262K vs 128K), input pricing ($0.50 vs $0.10/M), multimodal support (yes vs no). See the full comparison above for benchmark-by-benchmark results.
Mistral Large 3 (675B Instruct 2512) is developed by Mistral AI and Qwen3 32B is developed by Alibaba Cloud / Qwen Team.