Model Comparison

Mistral Large 3 (675B Instruct 2512) vs Qwen3 MaxWhich is better in 2026?

Qwen3 Max significantly outperforms across most benchmarks. Mistral Large 3 (675B Instruct 2512) is 2.2x cheaper per token.

Verdict: Mistral Large 3 (675B Instruct 2512) vs Qwen3 Max — which is better?

Mistral Large 3 (675B Instruct 2512) (by Mistral AI) and Qwen3 Max (by Alibaba Cloud / Qwen Team) are two of the AI models people compare most. Here is how they stack up on benchmarks, price and capabilities, and which one to pick in 2026.

Mistral Large 3 (675B Instruct 2512) outperforms in 0 benchmarks, while Qwen3 Max is better at 1 benchmark (GPQA). Qwen3 Max significantly outperforms across most benchmarks.

On price, Mistral Large 3 (675B Instruct 2512) is roughly 2.2x cheaper per token on a blended 3:1 input/output basis, which adds up quickly at production volume.

Mistral Large 3 (675B Instruct 2512) also accepts a larger context window (262,100 input tokens), making it the stronger choice for long documents and large codebases.

Choose Mistral Large 3 (675B Instruct 2512) if…

  • cost matters — it's about 2.2x cheaper per token
  • you process long inputs — it offers a 262,100 token context window
  • you need open weights you can self-host or fine-tune

Choose Qwen3 Max if…

  • you want the strongest raw capability — it leads on 1 of 1 shared benchmarks
  • you want the most recent training data — it shipped Dec 2025

Performance Benchmarks

Comparative analysis across standard metrics

1 benchmarks

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

Qwen3 Max significantly outperforms across most benchmarks.

Mon Jul 27 2026 • llm-stats.com

Arena Performance

Human preference votes

Pricing Analysis

Price comparison per million tokens

Mistral Large 3 (675B Instruct 2512) costs less

For input processing, Mistral Large 3 (675B Instruct 2512) ($0.50/1M tokens) costs the same as Qwen3 Max ($0.50/1M tokens).

For output processing, Mistral Large 3 (675B Instruct 2512) ($1.50/1M tokens) is 3.3x cheaper than Qwen3 Max ($5.00/1M tokens).

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

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

Lowest available price from all providers
Mon Jul 27 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 Max
Input tokens$0.50
Output tokens$5.00
Best providerNovita
Notice missing or incorrect data?Start an Issue→

Model Size

Parameter count comparison

325.0B diff

Qwen3 Max has 325.0B more parameters than Mistral Large 3 (675B Instruct 2512), making it 48.1% larger.

Mistral AI
Mistral Large 3 (675B Instruct 2512)
675.0Bparameters
Alibaba Cloud / Qwen Team
Qwen3 Max
1.0Tparameters
675.0B
Mistral Large 3 (675B Instruct 2512)
1000.0B
Qwen3 Max

Context Window

Maximum input and output token capacity

Mistral Large 3 (675B Instruct 2512) accepts 262,100 input tokens compared to Qwen3 Max's 256,000 tokens. Mistral Large 3 (675B Instruct 2512) can generate longer responses up to 262,100 tokens, while Qwen3 Max is limited to 131,072 tokens.

Mistral AI
Mistral Large 3 (675B Instruct 2512)
Input262,100 tokens
Output262,100 tokens
Alibaba Cloud / Qwen Team
Qwen3 Max
Input256,000 tokens
Output131,072 tokens
Mon Jul 27 2026 • llm-stats.com

Input Capabilities

Supported data types and modalities

Mistral Large 3 (675B Instruct 2512) supports multimodal inputs, whereas Qwen3 Max 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 Max

Text
Images
Audio
Video

License

Usage and distribution terms

Mistral Large 3 (675B Instruct 2512) is licensed under Apache 2.0, while Qwen3 Max uses a proprietary license.

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

Mistral Large 3 (675B Instruct 2512)

Apache 2.0

Open weights

Qwen3 Max

Proprietary

Closed source

Release Timeline

When each model was launched

Mistral Large 3 (675B Instruct 2512) was released on 2025-12-04, while Qwen3 Max was released on 2025-12-15.

Qwen3 Max is 0 month newer than Mistral Large 3 (675B Instruct 2512).

Mistral Large 3 (675B Instruct 2512)

Dec 4, 2025

7 months ago

Qwen3 Max

Dec 15, 2025

7 months ago

1w newer

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 Max is available from Novita.

Mistral Large 3 (675B Instruct 2512)

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

Qwen3 Max

novita logo
Novita
Input Price:Input: $0.50/1MOutput Price:Output: $5.00/1M
* Prices shown are per million tokens

Outputs Comparison

Notice missing or incorrect data?Start an Issue discussion→

Key Takeaways

Mistral AI
Larger context window (262,100 tokens)
Supports multimodal inputs
Less expensive output tokens
Has open weights
Alibaba Cloud / Qwen Team

Qwen3 Max

View details

Alibaba Cloud / Qwen Team

Higher GPQA score (62.0% vs 43.9%)

Detailed Comparison

Interactive Arena

Judge for yourself.

Run your own prompts against Mistral Large 3 (675B Instruct 2512) and Qwen3 Max side-by-side, then vote on the output you prefer.

Mistral Large 3 (675B Instruct 2512)
✓ Preferred
Qwen3 Max
Open in Playground
AI Model Comparison Table
Feature
Mistral AI
Mistral Large 3 (675B Instruct 2512)
Alibaba Cloud / Qwen Team
Qwen3 Max

FAQ

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

Which is better, Mistral Large 3 (675B Instruct 2512) or Qwen3 Max?

Qwen3 Max significantly outperforms across most benchmarks. Mistral Large 3 (675B Instruct 2512) is made by Mistral AI and Qwen3 Max is made by Alibaba Cloud / Qwen Team. The best choice depends on your use case — compare their benchmark scores, pricing, and capabilities above.

How does Mistral Large 3 (675B Instruct 2512) compare to Qwen3 Max in benchmarks?

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 Max scores AIME 2025: 81.6%, t2-bench: 74.8%, SWE-Bench Verified: 69.6%, LiveCodeBench v6: 69.0%, SuperGPQA: 65.1%.

Is Mistral Large 3 (675B Instruct 2512) cheaper than Qwen3 Max?

Both models cost $0.50 per million input tokens.

What are the context window sizes for Mistral Large 3 (675B Instruct 2512) and Qwen3 Max?

Mistral Large 3 (675B Instruct 2512) supports 262K tokens and Qwen3 Max supports 256K tokens. A larger context window lets you process longer documents, conversations, or codebases in a single request.

What are the main differences between Mistral Large 3 (675B Instruct 2512) and Qwen3 Max?

Key differences include context window (262K vs 256K), multimodal support (yes vs no), licensing (Apache 2.0 vs Proprietary). See the full comparison above for benchmark-by-benchmark results.

Who makes Mistral Large 3 (675B Instruct 2512) and Qwen3 Max?

Mistral Large 3 (675B Instruct 2512) is developed by Mistral AI and Qwen3 Max is developed by Alibaba Cloud / Qwen Team.

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