Mistral Large 2 (2407) vs o3
Mistral Large 2 (2407) (2024) and o3 (2025) are frontier reasoning models from MistralAI and OpenAI. Mistral Large 2 (2407) ships a 128K-token context window, while o3 ships a 128K-token context window. On pricing, Mistral Large 2 (2407) costs $0.5/1M input tokens versus $1/1M for the alternative. This comparison covers specs, pricing, capabilities, benchmarks, provider availability, and production fit. It focuses on practical selection signals rather than broad model-family marketing.
Mistral Large 2 (2407) is ~100% cheaper at $0.5/1M; pay for o3 only for coding workflow support.
Specs
| Released | 2024-07-23 | 2025-03-31 |
| Context window | 128K | 128K |
| Parameters | 123B | — |
| Architecture | decoder only | decoder only |
| License | Apache 2.0 | Unknown |
| Knowledge cutoff | - | - |
Pricing and availability
| Mistral Large 2 (2407) | o3 | |
|---|---|---|
| Input price | $0.5/1M tokens | $1/1M tokens |
| Output price | $1.5/1M tokens | $4/1M tokens |
| Providers |
Capabilities
| Mistral Large 2 (2407) | o3 | |
|---|---|---|
| Vision | ||
| Multimodal | ||
| Reasoning | ||
| Function calling | ||
| Tool use | ||
| Structured outputs | ||
| Code execution |
Benchmarks
No shared benchmark rows are currently sourced for this pair.
Deep dive
The capability footprint differs most on vision: Mistral Large 2 (2407), reasoning mode: o3, and code execution: o3. Both models share structured outputs, so the practical split is not just feature count. Use those differences to decide whether the page is about raw model quality, agentic coding support, multimodal ingestion, or predictable structured API behavior.
For cost, Mistral Large 2 (2407) lists $0.5/1M input and $1.5/1M output tokens, while o3 lists $1/1M input and $4/1M output tokens on the cheapest tracked provider. A 70/30 input-output blend puts Mistral Large 2 (2407) lower by about $1.1 per million blended tokens. Availability is 3 providers versus 3, so concentration risk also matters.
Choose Mistral Large 2 (2407) when vision-heavy evaluation and lower input-token cost are central to the workload. Choose o3 when coding workflow support are more important. For production, rerun your own prompts through the exact provider, region, and tool stack you plan to ship. This keeps the decision grounded in measurable tradeoffs instead of brand-level assumptions. It also helps separate model capability from provider packaging, which can change cost and latency.
FAQ
Which has a larger context window, Mistral Large 2 (2407) or o3?
Mistral Large 2 (2407) supports 128K tokens, while o3 supports 128K tokens. That gap matters most for long documents, large codebases, retrieval-heavy agents, and conversations where earlier context must remain visible.
Which is cheaper, Mistral Large 2 (2407) or o3?
Mistral Large 2 (2407) is cheaper on tracked token pricing. Mistral Large 2 (2407) costs $0.5/1M input and $1.5/1M output tokens. o3 costs $1/1M input and $4/1M output tokens. Provider discounts or batch pricing can still change the final bill.
Is Mistral Large 2 (2407) or o3 open source?
Mistral Large 2 (2407) is listed under Apache 2.0. o3 is listed under Unknown. License labels affect whether you can self-host, redistribute weights, or rely only on hosted APIs, so confirm the upstream license before deployment.
Which is better for vision, Mistral Large 2 (2407) or o3?
Mistral Large 2 (2407) has the clearer documented vision signal in this comparison. If vision is mission-critical, validate it against the provider endpoint because model-level support and API-level exposure can differ.
Which is better for reasoning mode, Mistral Large 2 (2407) or o3?
o3 has the clearer documented reasoning mode signal in this comparison. If reasoning mode is mission-critical, validate it against the provider endpoint because model-level support and API-level exposure can differ.
Where can I run Mistral Large 2 (2407) and o3?
Mistral Large 2 (2407) is available on Microsoft Foundry, Chutes AI, and SiliconFlow. o3 is available on OpenAI API, OpenRouter, and OpenAI Batch API. Provider coverage can affect latency, region availability, compliance posture, and fallback options.
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Last reviewed: 2026-04-24. Data sourced from public model cards and provider documentation.